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    FOR SALE
    Commercial kitchens

    122 16Th Ave Paterson, NJ 07501

    3,513 SF Built 1925
    Property ID
    US59-0006586
    122 16Th Ave, Paterson, NJ 07501 For Sale 1 / 42
    $1,250,000 3,513 SF
    122 16Th Ave, Paterson, NJ 07501
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    Property summary
    AI-generated overview

    Attention Investors Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

    Property profile
    Verified
    Property type Commercial kitchens
    Year built 1925
    Total area 3,513 SF
    UPID US59-0006586
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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