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714-720 Broadway
Paterson, NJ 07514
Value-Add Medical Office Building - Paterson · Office Property For Sale
Investment Highlights
- This is a Great Value-Add Opportunity With Two (2) Vacant Spaces in a 10 Tenant Building
- This is a Corner Lot on the Cross Section of Broadway and E 32nd Street; This Road is Heavily Trafficked Seeing a Volume of 26,265 Cars
- Very Densely Populated Area With Over 600,000 People Within 5-Miles and 200,000 Households
- Presents an Opportunity to Put Market Rent on Two (2) New Tenants or Use a Piece of the Building Yourself
- This Property is Strategically Located Less Than 16-Miles Away From New York
- All Eight (8) of the Current Tenants See a 5% Annual Bump in Their Rent
Property Facts
Property Type
Office
Property Subtype
Building Size
6,205 SF
Building Class
C
Year Built
1958
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,103 SF
Slab To Slab
10’
Building FAR
0.65
Lot Size
0.22 AC
Zoning
H-1 - Highway Commercial
Parking
7 Spaces (1.13 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 08-08504-0000-00001 | Improvements Assessment | $555,800 |
| Land Assessment | $194,200 | Total Assessment | $750,000 |
Property Taxes
Parcel Number
08-08504-0000-00001
Land Assessment
$194,200
Improvements Assessment
$555,800
Total Assessment
$750,000
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