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493-597 Union Ave 12,500 SF Specialty Building Offered at $899,000 in Paterson, NJ 07522
Investment Highlights
- HIGH VISABILITY
- Zoned R3, ideal for residential or mixed-use redevelopment.
- 12,500 SF lot providing flexibility for various development concepts.
- Located on Union Avenue with strong visibility and vehicular traffic.
Executive Summary
Positioned along a high-visibility corridor, the site boasts convenient access to Downtown Paterson, local retail, and major thoroughfares, including proximity to Route 20, I-80, and the Garden State Parkway.
Property Facts
| Price | $899,000 | Lot Size | 0.29 AC |
| Price Per SF | $71.92 | Building Size | 12,500 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1900 |
| Property Subtype | Parking Lot | Parking Ratio | 3.04/1,000 SF |
| Building Class | C | ||
| Zoning | n/a, industrial | ||
| Price | $899,000 |
| Price Per SF | $71.92 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Parking Lot |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,500 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Parking Ratio | 3.04/1,000 SF |
| Zoning | n/a, industrial |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $198,300 | |
| Land Assessment | $367,600 | Total Assessment | $565,900 |
Property Taxes
Parcel Numbers
Land Assessment
$367,600
Improvements Assessment
$198,300
Total Assessment
$565,900
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