Property profile

16 Bloomfield Ave Paterson, NJ 07503

OFF-MARKET
Industrial properties
3,000 SF 0.9 ac lot
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Property summary

AI-generated overview

This exceptional Paterson, New Jersey industrial property presents a unique investment opportunity. The 3,000 square foot building sits on a sizable 0.9-acre lot, offering ample space for various operations. Currently configured as an auto repair and salvage yard, the property is zoned for this specific use, providing immediate operational potential. The single-story building features a 12-foot ceiling height, providing excellent vertical clearance for storage or equipment. The property's address is 16 Bloomfield Avenue, Paterson, NJ 07503, conveniently located within Passaic County. Its strategic location offers easy access to major transportation routes, enhancing logistical efficiency. This property is ideal for established businesses seeking expansion or entrepreneurs looking to establish a new venture in a well-defined industrial zone. The sale is directly from the owner, offering a streamlined transaction process. The property's size and zoning make it suitable for a range of industrial uses, presenting a versatile investment opportunity with significant potential for future growth and development. Serious inquiries are encouraged to explore this promising property further.

Property profile

Verified
Property type Industrial properties
Total area 3,000 SF
Lot 0.9 ac (39,204 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Big Box & Wholesale Store Auto Parts Store

Location

16 Bloomfield Ave Paterson, NJ 07503
Paterson metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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