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Broadway Professional Bldg. 675 Broadway 5,886 SF Vacant Office Building Paterson, NJ 07514 $1,299,999 ($220.86/SF)
INVESTMENT HIGHLIGHTS
- Visible from a main and trafficked road
EXECUTIVE SUMMARY
SELLER FINANCING AVAILBLE. 2ND POSITION ON CAPITAL STACK TO ALLOW FOR 100% FINANCING.
Previous tenant was a publicly traded healthcare company and installed $1.4 million renovation buildout.
5,080 SF Space (Entire Renovated Space)
1,300 SF Space 5 Exam rooms, 1 Office & Check out. LEASED
3,780 SF Space (Available for occupancy) 8 exam rooms, 2 check in & out offices. 1 Lab room, 3 Offices/Storage
-1,300 SF (22.08% of the building) is occupied by credit worthy tenant, True Care Mental Health; one of their nine (9) locations. Triple net lease with ten (10) year term that began in 2024. Separate entrance. paying $ 3,500/mo. $42,000/annum.
-Property is surrounded by doctor and medical offices, law firms, located by bus stop and across the street from Barnet hospital
-Ownership has installed new roof and white boxed one of the office units.
PROPERTY FACTS Under Contract
AMENITIES
- Partitioned Offices
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Newly white boxed space previously dentist office for 25 years. 2nd floor 1300 SQ FT JUST LEASED as of Jan 2025
2nd floor 1300 SQ FT JUST LEASED as of Jan 2025 Please see brochure for more information $1M+ Renovated Space is currently demised into two offices with interconnecting staircase but with convenient separate entrances. Availability: 1,300 SF Space (Current Adult Medicine) 5 Exam rooms, 1 Office & Check out 3,780 SF Space (Current Pediatric Office) 8 exam rooms, 2 check in & out offices. 1 Lab room, 3 Offices/Storage 5,080 SF Space (Entire Renovated Space) •New Medical/Office Space •Multiple High End Exam Rooms •Ability to consolidate different practices under the same umbrella. •One Of The Most Populated Cities In NJ •Located In Medical Corridor & Across The Street From Hospital •Plethora of Potential Patients In the Area •Opportunity to inherit $1M+ Recent Interior Buildout •New Roof
| Space | Size | Space Use | Condition | Available |
| Lower Level | 806 SF | Office | Shell Space | Now |
| 2nd Floor | 3,780 SF | Office/Medical | Full Build-Out | Now |
Lower Level
| Size |
| 806 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Floor
| Size |
| 3,780 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
Lower Level
| Size | 806 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Newly white boxed space previously dentist office for 25 years. 2nd floor 1300 SQ FT JUST LEASED as of Jan 2025
2nd Floor
| Size | 3,780 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
2nd floor 1300 SQ FT JUST LEASED as of Jan 2025 Please see brochure for more information $1M+ Renovated Space is currently demised into two offices with interconnecting staircase but with convenient separate entrances. Availability: 1,300 SF Space (Current Adult Medicine) 5 Exam rooms, 1 Office & Check out 3,780 SF Space (Current Pediatric Office) 8 exam rooms, 2 check in & out offices. 1 Lab room, 3 Offices/Storage 5,080 SF Space (Entire Renovated Space) •New Medical/Office Space •Multiple High End Exam Rooms •Ability to consolidate different practices under the same umbrella. •One Of The Most Populated Cities In NJ •Located In Medical Corridor & Across The Street From Hospital •Plethora of Potential Patients In the Area •Opportunity to inherit $1M+ Recent Interior Buildout •New Roof
PROPERTY TAXES
| Parcel Number | 08-08415-0000-00010 | Improvements Assessment | $635,300 |
| Land Assessment | $55,000 | Total Assessment | $690,300 |
PROPERTY TAXES
Presented by
City Commercial Real Estate
Broadway Professional Bldg. | 675 Broadway
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