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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