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231 Market St
Paterson, NJ 07505
Office Property For Sale
Investment Highlights
- Full stabilized mixed-use property
- Low maintenance and steady cash flow
- Turnkey income producer, ideal for 1031 Exchange investors
Executive Summary
Exceptional turnkey property offering stable and predictable income — perfect for 1031 exchange investors. This low-maintenance asset delivers consistent cash flow with minimal operational oversight, making it an ideal choice for both seasoned and passive investors alike.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,200 SF
Building Class
C
Year Built
1900
Price
$3,500,000
Price Per SF
$380.43
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,300 SF
Building FAR
2.64
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
B-4
Property Taxes
| Parcel Number | 08-04405-0000-00021 | Improvements Assessment | $495,900 |
| Land Assessment | $104,100 | Total Assessment | $600,000 |
Property Taxes
Parcel Number
08-04405-0000-00021
Land Assessment
$104,100
Improvements Assessment
$495,900
Total Assessment
$600,000
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