568 Madison Ave Paterson, NJ 07514

Property Details for 568 Madison Ave

Lot size

0.39 lot acres

Property size

9,126 SF

Property type

Warehouses

Property subtype

Specialty properties

Description

This exceptional 9,126 square foot, two-story brick warehouse located at 568 Madison Avenue in Paterson, New Jersey, presents a unique investment opportunity. The property sits on a 0.39-acre lot and features high ceilings (20' x 12'), ample parking, and convenient access. The building includes a sizable 7,500 square foot paved parking area in front and an additional 5,000 square foot paved and gated lot at the rear, providing substantial space for vehicles and storage. Inside, the warehouse boasts a small office area and two bathrooms, enhancing functionality and convenience. The property is currently equipped with four car lifts and a wheel alignment machine, reflecting its previous use as an auto repair facility. The building benefits from three-phase power, a valuable asset for various industrial applications. The property is zoned R3 and offers significant potential for a variety of uses. The current owner's net profit is $45,000 per month. The property taxes are $3.50 per square foot. This turnkey operation is available for sale, including existing customer books and equipment. Located in a safe residential neighborhood, this property offers a blend of established business and significant upside potential. The property's size, features, and location make it an attractive investment for both established businesses and entrepreneurs seeking a well-equipped space.

Location Insight

City

Paterson

County

Passaic

State

New Jersey

Longitude

-74.1529

Latitude

40.9214