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80 Montgomery St 3,200 SF 100% Leased Retail Building Paterson, NJ 07501 $560,000 ($175/SF)
Investment Highlights
- Building & land, inventory, refrigeration, operating license
- Three bedroom apartment on second level
- Class C liquor license for on premise and off premise sales
- Located in Redevelopment District
Executive Summary
Mixed Use Building with Class C liquor license. First level owner occupied tavern. Second floor three-bedroom apartment. Busy corner location with established businesses and residential condos nearby. Located at corner of Summer Street. Opportunity for owner user to grown business and collect rent on second floor. Located in Redevelopment District.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built/Renovated
1950/2005
Price
$560,000
Price Per SF
$175
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
Mixed Use Residential - Mixed Use. Redevelopment District.
Frontage
73’ on Summer St
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Chase Bank
Property Taxes
| Parcel Number | 08-03110-0000-00001 | Improvements Assessment | $144,300 |
| Land Assessment | $53,800 | Total Assessment | $198,100 |
Property Taxes
Parcel Number
08-03110-0000-00001
Land Assessment
$53,800
Improvements Assessment
$144,300
Total Assessment
$198,100
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Contact the Sale Advisor
80 Montgomery St