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

November 22, 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 

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