447 Mcbride Ave Paterson, NJ 07501
- Commercial real estate
- 3,068 SF
- 0.05 lot acres
Current Use by Public Records
- De Franco's Lock & Safe Co / Locksmith
Property Details for 447 Mcbride Ave
- Construction
- FRAME
- Lot size
- 0.05 lot acres
- Property size
- 3,068 SF
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 08 05010-0000-00004
- APU
- 805010000000004
Description
This exceptional mixed-use property at 447 McBride Avenue in Paterson, NJ, presents a rare investment opportunity. Spanning 3,068 square feet on a 0.05-acre lot, this building seamlessly blends commercial and residential spaces. The ground floor boasts a sizable showroom, ideal for showcasing merchandise, complemented by a dedicated office, workshop, and a full bathroom with a tub/shower combination. The inviting covered front porch provides a welcoming entrance for customers. Upstairs, a complete residential apartment awaits, featuring two bedrooms, a full bathroom, a living room, and an eat-in kitchen. Adding to the versatility, a finished attic space, currently used as a home office/workshop, offers additional square footage. The property also includes a fully fenced backyard, perfect for outdoor relaxation or potential expansion. Priced at $475,000, this property offers significant potential for both income generation and personal use, making it an attractive proposition for discerning investors and entrepreneurs seeking a piece of Paterson's rich history. The combination of commercial and residential space provides flexibility and diverse income streams. Don't miss this chance to acquire a well-maintained and versatile property in a vibrant location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $400,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $310,000
- Mixed-Use
- $295,000
- Hospitality
- $400,000
- Educational
- $370,000
- Residential Income
- $375,000
- Energy
- $325,000
- Income-Based Land
- $320,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1936
- Latitude
- 40.9084
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
