Current Use by Public Records
- NANDO'S AUTO SERVICE / Auto Repair Shop
- Madison Tires & Wheels / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 568 Madison Ave
- Lot size
- 0.39 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1529
- Latitude
- 40.9214
