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72 Illinois Ave 4,670 SF Vacant Industrial Building Paterson, NJ 07503 $1,950,000 ($417.56/SF)
EXECUTIVE SUMMARY
10,000sqft lot with well positioned 5000sqft commercial building that offers 2 separate sides of approximately 2500 SF each, providing outstanding flexibility for an owner-user, investor, or hybrid use. Occupy both sides, combine into one large operation, or use one side and generate income by leasing the other. Designed for efficiency and accessibility, the building features, (3) 10ft overhead doors for easy loading and access, along with 15ft ceilings and an open-floor plan, allowing for a wide range of commercial, industrial, or creative build-out possibilities tailored to your business needs. Each building has its own private bathroom, and option of a small office or storage room on ground level. A second-floor office space that adds valuable administrative or executive functionality if needed is also available on one side. And as a bonus, the property is complemented by its leveled, gated lot, ideal for secure parking, storage, or maneuvering. A rare opportunity to acquire a versatile, well-located asset with multiple use scenarios and strong long-term value.
PROPERTY FACTS
| Price | $1,950,000 | Rentable Building Area | 4,670 SF |
| Price Per SF | $417.56 | No. Stories | 1 |
| Sale Type | Investment or 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 | $1,950,000 |
| Price Per SF | $417.56 |
| Sale Type | Investment or 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
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 08-07210-0000-00003 | Improvements Assessment | $209,700 |
| Land Assessment | $85,000 | Total Assessment | $294,700 |
PROPERTY TAXES
Parcel Number
08-07210-0000-00003
Land Assessment
$85,000
Improvements Assessment
$209,700
Total Assessment
$294,700
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72 Illinois Ave
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