70-96 Ct St Paterson, NJ 07503

Property Details for 70-96 Ct St

Year built

1940

Property size

5,600 SF

Property type

Commercial real estate

Description

This exceptional 5,600 square foot property located at 70-96 Court Street, Paterson, NJ, presents a unique redevelopment opportunity in Area 11. The site offers significant potential due to its size and strategic proximity to St. Joseph's University Medical Center. The existing structures on the property, including a newer medical facility, could be repurposed or demolished to accommodate a variety of new construction projects. The land is well-suited for a range of uses, including ancillary medical facilities, residential developments, retail spaces, or a storage facility. Currently zoned 4A, there's potential for zoning changes or variances that could unlock even more intensive uses. This presents a compelling investment opportunity for developers seeking a prime location with substantial upside. Detailed lot information and tax maps are available through the State's information resources. The asking price for this significant property is $19,800,000. This is a rare chance to acquire a substantial parcel in a rapidly developing area of Paterson, offering a high return on investment for the right developer. Don't miss this chance to shape the future of this vibrant city.

Location Insight

City

Paterson

County

Passaic

State

New Jersey

Longitude

-74.1655

Latitude

40.8994