Mixed Use Commercial & Residential Building 213 Franklin St 3,398 SF Retail Building Paterson, NJ 07524 $649,900 ($191.26/SF) 7% Cap Rate

Exceptional Value-Add Opportunity in Paterson, NJ | 3,398 SF Mixed-Use Property
Explore a unique investment opportunity in the heart of Paterson, NJ, with this 3,398 square foot mixed-use property that perfectly balances residential comfort with commercial potential. Ideal for investors looking to enhance and maximize their returns, this property offers significant value-add potential in a thriving urban market.
Residential Appeal with Room for Enhancement: The residential portion of the property offers a solid foundation with spacious layouts and modern features, making it attractive to a variety of tenants. With strategic upgrades and renovations, there’s ample opportunity to increase rental income or resale value. Whether it’s updating finishes, optimizing the layout, or adding premium amenities, this property provides a canvas for value-driven enhancements.
Commercial Space with Growth Potential: The ground-floor commercial space presents a prime opportunity for businesses looking to establish or expand their presence in a high-traffic area. The current layout offers flexibility, and with targeted improvements—such as modernizing the storefront, enhancing the interior design, or reconfiguring the space—you can significantly boost its appeal and rental income. This is an ideal space for retail, office, or dining establishments in a location poised for growth.
Strategic Location with Upside: Located in a rapidly developing area of Paterson, this property benefits from proximity to key transportation routes, a vibrant local community, and ongoing city improvements. As the neighborhood continues to evolve, the demand for quality residential and commercial spaces is expected to rise, further enhancing the property's long-term value.