21 Florida Ave Paterson, NJ 07503

Property Details for 21 Florida Ave

Construction

CONCRETE BLOCKS

Lot size

0.33 lot acres

Property size

10,800 SF

Zone code

I-2

Property type

Industrial properties

APN

08 07201-0000-00004

APU

807201000000004

Description

This exceptional investment opportunity encompasses two adjoining lots totaling 0.85 acres in Paterson, NJ's I-2 Industrial Zone. Strategically located on Florida and Pennsylvania Avenues, this property boasts excellent access to major transportation routes. The site includes an existing structure on one lot (Lot 3, Pennsylvania Ave) which can be demolished to maximize the buildable area for a larger-scale project. The combined lots offer significant versatility, suitable for a range of industrial, storage, or commercial developments. Lot 3 (Pennsylvania Ave), classified as Class 4A, has estimated 2024 property taxes of $27,400. Lot 4 (Florida Ave), classified as Class 4B, has estimated 2024 property taxes of $10,500. The property's location near Railway Avenue further enhances its logistical advantages. This is a rare chance to acquire a substantial parcel of land in a thriving industrial area, presenting a compelling opportunity for significant return on investment. The combined 0.85 acres provides ample space for a substantial development project, catering to a variety of commercial and industrial needs. The property's zoning and location make it an attractive proposition for developers seeking a strategic foothold in Paterson's dynamic industrial sector. The existing structure's potential for demolition allows for complete customization and optimal utilization of the land.

Location Insight

City

Paterson

County

Passaic

State

New Jersey

Longitude

-74.1538

Latitude

40.8974

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments