541 Union Ave Paterson, NJ 07522
For Sale
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This exceptional business opportunity is located at 541 Union Avenue in the vibrant city of Paterson, New Jersey. Priced at $695,000, this property presents a significant investment potential for the right entrepreneur. While the square footage is not currently specified, the property is listed as a business opportunity, suggesting a versatile space adaptable to a range of commercial uses. The property sits on a lot with zero acres, indicating a potentially compact but strategically located site within Paterson. The address, 541 Union Avenue, suggests a location with high visibility and accessibility, potentially benefiting from significant foot or vehicle traffic. Further due diligence is recommended to ascertain the precise size and configuration of the interior space, as well as the zoning regulations and permitted uses for the property. This is an excellent chance to acquire a business in a dynamic urban setting. Interested parties are encouraged to conduct thorough research to determine the suitability of this property for their specific business needs and objectives. The absence of square footage information underscores the need for an on-site inspection to fully assess the property's potential. This property is being offered as-is, and prospective buyers should be prepared to conduct their own independent assessments of the property's condition and suitability for their intended use. The asking price of $695,000 represents a compelling entry point into the Paterson commercial market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Paterson, NJPaterson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.