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383-391 Totowa Ave - 383-391 Totowa Ave 0.46 Acres of Commercial Land Offered at $1,100,000 in Paterson, NJ 07502
Investment Highlights
- Existing 24,000 SF School Building
- Potential for 16 residential units and 2 retail stores
Executive Summary
A 20,000 SF corner lot in Paterson's Hillcrest area. The 3-story, ~24,000 SF former public school is neglected and recommended for demolition — a prime redevelopment site near the city's landmark attractions and transit. Could be either an adaptive reuse site or full redevelopment. Potential for 16 residential units and 2 retail stores.
Property Facts
| Price | $1,100,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 0.46 AC |
| Zoning | B-2 - Business | ||
| Price | $1,100,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.46 AC |
| Zoning | B-2 - Business |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 0.46 AC |
| Price Per AC | $2,395,799.08 |
| Price | $1,100,000 |
| Price Per AC | $2,395,799.08 |
| Lot Size | 0.46 AC |
A 20,000 SF corner lot in Paterson's Hillcrest area. The 3-story, ~24,000 SF former public school is neglected and recommended for demolition — a prime redevelopment site near the city's landmark attractions and transit
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Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-00919-0000-00017 | Improvements Assessment | $100,000 |
| Land Assessment | $600,000 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
08-00919-0000-00017
Land Assessment
$600,000
Improvements Assessment
$100,000
Total Assessment
$700,000
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383-391 Totowa Ave - 383-391 Totowa Ave