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31 Van Houten St 56,000 SF 100% Leased Industrial Building Paterson, NJ 07505 $7,160,000 ($127.86/SF)



Investment Highlights
- Large mixed-use warehouse and commercial facility in Paterson’s sought-after Great Falls district.
- High-clear warehouse with loading bays, supporting large-scale operations and logistics.
- Flexible layout supports industrial, storage, distribution, office, and institutional uses.
- Includes basement storage, freight elevator access, and strong connectivity to major routes.
Executive Summary
Unique opportunity to acquire a substantial mixed-use warehouse and commercial facility located in the highly desirable Great Falls section of Paterson! This expansive property offers approximately 56,000 square feet of above-grade space, and has an approximately 19,000-square-foot basement level, providing exceptional flexibility for industrial, warehouse, storage, distribution, office, and institutional use. Constructed with solid brick masonry. The warehouse area features impressive ceiling heights of approximately 35 feet, ideal for large-scale operations, logistics, and high-capacity storage. The building is primarily configured for warehouse use, while also incorporating assembly space, office areas, and dormitory-style accommodations. The warehouse level currently operates as a large-scale sorting and recycling facility and includes five loading bays and an adjacent access ramp. The basement level provides additional storage and maintenance space, along with retail functionality at the northern portion of the building. A freight elevator services both the warehouse and basement levels, allowing for efficient movement of materials throughout the facility. Strategically positioned within Paterson’s historic Great Falls district with convenient access to major highways, transportation routes, and surrounding commercial corridors, this property presents a rare opportunity for investors, owner-users, or industrial operations.
Property Facts
| Price | $7,160,000 | Lot Size | 1.01 AC |
| Price Per SF | $127.86 | Rentable Building Area | 56,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 4 |
| Property Type | Industrial | Year Built | 1900 |
| Property Subtype | Warehouse | Parking Ratio | 0.36/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $7,160,000 |
| Price Per SF | $127.86 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.01 AC |
| Rentable Building Area | 56,000 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 0.36/1,000 SF |
| Opportunity Zone |
Yes |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-04601-0000-00015 | Improvements Assessment | $5,520,000 |
| Land Assessment | $1,121,900 | Total Assessment | $6,641,900 |
Property Taxes
Parcel Number
08-04601-0000-00015
Land Assessment
$1,121,900
Improvements Assessment
$5,520,000
Total Assessment
$6,641,900
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