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320 Market St
Paterson, NJ 07501
Retail Property For Sale
Investment Highlights
- Positioned along Market Street business corridor with strong traffic and visibility.
- Two-story commercial building with flexibility for owner-user or investment strategies.
- Located just outside Downtown Paterson in the Sandyhill neighborhood, near a mix of retail and residential properties.
Executive Summary
This two-story mixed-use building in the Sandyhill neighborhood of Paterson offers strong owner-user or investor potential. Positioned just outside the downtown core, this property benefits from the area’s diverse mix of retail and residential uses while maintaining accessible proximity to the city’s commercial district. The first level is currently improved for use as a barbershop and is not under lease, providing immediate occupancy or reconfiguration options. The second-floor unit is vacant, creating additional upside through lease-up or adaptive reuse.
Located along Market Street between Straight Street and Summer Street, the property is within the busy business district and surrounded by established retailers, restaurants, and service-oriented businesses. Ownership includes land and building, featuring a two-bathroom layout, unfinished basement, and recent utility configurations with public water, sewer, and electric in place. On-street parking is available along a well-trafficked corridor that connects to major regional arteries. With its accessible location, potential for multiple income streams, and proximity to downtown Patterson, this building represents a compelling opportunity for both investors and business operators.
Located along Market Street between Straight Street and Summer Street, the property is within the busy business district and surrounded by established retailers, restaurants, and service-oriented businesses. Ownership includes land and building, featuring a two-bathroom layout, unfinished basement, and recent utility configurations with public water, sewer, and electric in place. On-street parking is available along a well-trafficked corridor that connects to major regional arteries. With its accessible location, potential for multiple income streams, and proximity to downtown Patterson, this building represents a compelling opportunity for both investors and business operators.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,880 SF
Building Class
C
Year Built
1920
Price
$775,000
Price Per SF
$269.10
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.32
Lot Size
0.05 AC
Zoning
MU - Mixed Use
Property Taxes
| Parcel Number | 08-06208-0000-00003 | Improvements Assessment | $284,700 |
| Land Assessment | $40,300 | Total Assessment | $325,000 |
Property Taxes
Parcel Number
08-06208-0000-00003
Land Assessment
$40,300
Improvements Assessment
$284,700
Total Assessment
$325,000
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