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72-78 Illinois Ave, Paterson 72 Illinois Ave 4,670 SF Industrial Building Paterson, NJ 07503 $1,999,000 ($428.05/SF)



INVESTMENT HIGHLIGHTS
- Easy access to local highways
- The bays are approx 22.6ft wide allowing for further augmentation of door sizes in addition to very deep approx 90 foot bays making a versatile space.
- Security systems
- Three drive-in doors
- Multiple points of loading, tall ceilings, fenced & lit paved yard
- Plethora of possible uses between automotive, light industrial, retail, office
EXECUTIVE SUMMARY
DELIVERED VACANT -- GOOD FOR AUTOMOTIVE, DEALERSHIP, RETAIL, LIGHT INDUSTRIAL USES & MORE -- TWO SEPARATELY METERED UNITS -- OCCUPY HALF, LEASE HALF --- PAVED, LIT, FENCED LOT
For the first time in 30 years, this remarkable corner commercial property is for sale. Located in the well kept industrial area of Lakeview Paterson, this combined 10,000 square foot space of building & gated parking cannot be missed.
An owner operator’s dream of a completely sub dividable building, where two completely different companies can work side by side. 2 offices, 2 bathrooms, separate entrances, separate meters, and 2 large scale garages that neatly fit semi trucks on both sides. In addition to the building, this property has a dual entrance movable gated parking lot for 35 cars, as well as 6 front spaces for employees or customer retail parking.
Consider owning & occupying this, leasing a garage bay for $5,000/mo to a tenant or lease the paved lot and a bay for $7,000/mo to another tenant. This is a highly utilizable property.
Zoned for “Mixed Use” occupancy and less than a mile in each direction to major highways, the added benefits to this property are endless. Businesses such as automotive, storage and warehousing, cargo & freight, even retail are amongst so many fitting options for potential owners to thrive in this space. Space is very limited in this area of town, imagine having an entire corner?
BOOK YOUR VIEWING TODAY, there’s not another on the market like it.
Please email or call agents for list of approved uses, showings, and pricing/availability.
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DISCLAIMER STATEMENT:
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property . You and your tax and legal advisors should conduct your own investigation of the property and transaction. Photos may be edited and not meant to be 1:1 illustrations of existing property.
For the first time in 30 years, this remarkable corner commercial property is for sale. Located in the well kept industrial area of Lakeview Paterson, this combined 10,000 square foot space of building & gated parking cannot be missed.
An owner operator’s dream of a completely sub dividable building, where two completely different companies can work side by side. 2 offices, 2 bathrooms, separate entrances, separate meters, and 2 large scale garages that neatly fit semi trucks on both sides. In addition to the building, this property has a dual entrance movable gated parking lot for 35 cars, as well as 6 front spaces for employees or customer retail parking.
Consider owning & occupying this, leasing a garage bay for $5,000/mo to a tenant or lease the paved lot and a bay for $7,000/mo to another tenant. This is a highly utilizable property.
Zoned for “Mixed Use” occupancy and less than a mile in each direction to major highways, the added benefits to this property are endless. Businesses such as automotive, storage and warehousing, cargo & freight, even retail are amongst so many fitting options for potential owners to thrive in this space. Space is very limited in this area of town, imagine having an entire corner?
BOOK YOUR VIEWING TODAY, there’s not another on the market like it.
Please email or call agents for list of approved uses, showings, and pricing/availability.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
DISCLAIMER STATEMENT:
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property . You and your tax and legal advisors should conduct your own investigation of the property and transaction. Photos may be edited and not meant to be 1:1 illustrations of existing property.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,999,000 | Rentable Building Area | 4,670 SF |
| Price Per SF | $428.05 | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1900 |
| Property Type | Industrial | Parking Ratio | 6.42/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 0.23 AC | ||
| Zoning | Commercial MU- Mixed Use - MU - Mixed Use District: The MU Mixed Use District is intended to permit a mixture of commercial and industrial uses in appropriate locations. | ||
| Price | $1,999,000 |
| Price Per SF | $428.05 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 4,670 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Parking Ratio | 6.42/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | Commercial MU- Mixed Use - MU - Mixed Use District: The MU Mixed Use District is intended to permit a mixture of commercial and industrial uses in appropriate locations. |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Front Loading
- Security System
- Signage
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 08-07210-0000-00003 | Total Assessment | $294,700 (2025) |
| Land Assessment | $85,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $209,700 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
08-07210-0000-00003
Land Assessment
$85,000 (2025)
Improvements Assessment
$209,700 (2025)
Total Assessment
$294,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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72-78 Illinois Ave, Paterson | 72 Illinois Ave
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