Active
59-63 Broadway
Paterson City, 07505
$1,395,000
$163.73 per sqft
Active
8,520 sqft
Commercial
Introducing a remarkable investment opportunity: a six-unit brick building located in a bustling area of Paterson Street. This well-maintained property features three commercial units on the first floor, two of which are currently leased to established businesses a popular Chinese restaurant and a delightful coffee shop ensuring consistent rental income. The Chinese restaurant benefits from access to a spacious basement, adding to its operational capabilities.On the second floor, you'll find three residential units, each thoughtfully designed with two rooms and a full bathroom, providing comfortable living spaces. The current tenants are all related to the seller, presenting a unique opportunity for potential buyers to consider a strategic rental plan moving forward.This mixed-use property is strictly sold as-is and represents a rare find in a high-traffic location. With strong existing tenants and the potential for added value, this building stands as a prime investment with great possibilities. Don't miss out on this chance to own a versatile property in a thriving neighborhood!
3923116
MLSⓇ ID
September 9, 2024
Listed
October 1, 2024
Updated
Map
59-63 Broadway
Paterson City, 07505
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Sewer
Public Sewer
Other Property Details
Taxes
$47,068
Tax Frequency
Annually
Days on Market
2
Garage
No
Parking
Off Street
View
No
County
Passaic
Water Source
Public
Pool
No
Zoning
B-4
Courtesy of EXP REALTY, LLC with SU ZHENG,
Listing Contact: 8662016210
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service , L.L.C . Real estate listings held by other brokerage firms are marked as IDX Listing. All information deemed reliable but not guaranteed and should be independently verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service. All rights reserved.