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70 Spruce St
Paterson, NJ 07501
The Art Factory · Industrial Property For Sale
Investment Highlights
- PRIME LOCATION: Located near the Great Falls National Historical Park, offering tourism-driven visibility and connectivity to downtown Paterson.
- DEVELOPMENT POTENTIAL: Five acres of property suitable for mixed-use development, including residential, commercial, and cultural spaces.
- STRATEGIC ACCESSIBILITY: Close to major highways, public transit options, and pedestrianfriendly infrastructure as outlined in the redevelopment plan.
- HISTORIC SIGNIFICANCE: Features historic mill structures within a nationally designated historic district, ideal for adaptive reuse.
- CREATIVE INFRASTRUCTURE: Existing studio, office, and gallery spaces catering to artists and entrepreneurs, fostering a thriving creative community.
- ALIGNMENT WITH REDEVELOPMENT GOALS: The property is located in the Great Falls Redevelopment Zone.
Property Facts
| Property Type | Industrial | No. Stories | 4 |
| Property Subtype | Warehouse | Year Built | 1881 |
| Building Class | B | Clear Ceiling Height | 13’ |
| Lot Size | 4.73 AC | No. Dock-High Doors/Loading | 9 |
| Rentable Building Area | 230,922 SF | No. Drive In / Grade-Level Doors | 8 |
| Zoning | GFHD - Commercial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.73 AC |
| Rentable Building Area | 230,922 SF |
| No. Stories | 4 |
| Year Built | 1881 |
| Clear Ceiling Height | 13’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | GFHD - Commercial |
Amenities
- 24 Hour Access
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Property Taxes
| Parcel Number | 08-04802-0000-00022 | Improvements Assessment | $1,743,300 |
| Land Assessment | $2,665,900 | Total Assessment | $4,409,200 |
Property Taxes
Parcel Number
08-04802-0000-00022
Land Assessment
$2,665,900
Improvements Assessment
$1,743,300
Total Assessment
$4,409,200
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