Property summary
This exceptional mixed-use property, located at 517-519 Park Avenue in Paterson, New Jersey, presents a compelling investment opportunity. Priced at $879,000, the property offers significant potential for income generation and future appreciation. While the exact square footage is not currently specified, the property's classification as "Other" suggests a versatile layout suitable for a variety of commercial and/or residential uses. The absence of acreage information indicates the property is likely situated on a standard city lot. Its prime location on Park Avenue in Paterson offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a vibrant urban setting. The property's potential is further enhanced by its location within Paterson, a city experiencing growth and development. Serious investors are encouraged to conduct their own due diligence to fully assess the property's potential and suitability for their specific investment goals. This is a rare opportunity to acquire a well-situated property in a dynamic market, offering a strong return on investment for the discerning buyer. Further details regarding the property's specific features and zoning regulations can be obtained through the appropriate channels. Don't miss this chance to secure a valuable asset in a thriving New Jersey community.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
E. B‐1 Neighborhood Business District: The intent of the B‐1 Neighborhood Business District is to provide low‐intensity, neighborhood scale retail and personal service businesses that supply the everyday needs of residen…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Paterson, NJE. B‐1 Neighborhood Business District: The intent of the B‐1 Neighborhood Business District is to provide low‐intensity, neighborhood scale retail and personal service businesses that supply the everyday needs of residen…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
E. B‐1 Neighborhood Business District: The intent of the B‐1 Neighborhood Business District is to provide low‐intensity, neighborhood scale retail and personal service businesses that supply the everyday needs of residen…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Paterson, NJ.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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