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855-887 Broadway - Barbour Estate 5.15 Acres of Residential Land Offered at $8,900,000 in Paterson, NJ 07514



INVESTMENT HIGHLIGHTS
- Large parcel
- Great for schools with Paterson STEAM School .1 mile away
- Once in a lifetime opportunity
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $8,900,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Total Lot Size | 5.15 AC | |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Zoning | R1 | ||
| Price | $8,900,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.15 AC |
| Opportunity Zone |
Yes |
| Zoning | R1 |
1 LOT AVAILABLE
Lot
| Price | $8,900,000 | Lot Size | 5.15 AC |
| Price Per AC | $1,728,155.34 |
| Price | $8,900,000 |
| Price Per AC | $1,728,155.34 |
| Lot Size | 5.15 AC |
Corner location on E 39th St and Broadway.
DESCRIPTION
Once the private residence of the Barbour family—whose influence in Paterson’s industrial and civic growth left a lasting legacy—the Barbour Estate stands as one of the city’s most notable landmarks. Built during a time when Paterson was known as the “Silk City” and industrial magnates erected grand estates to reflect their success, this property embodies both the history and ambition of the era. The mansion itself, though now requiring preservation and redevelopment, was a centerpiece of Broadway, representing architectural elegance and the prominence of one of Paterson’s leading families. Set across 5.15 acres, the estate is extraordinary not only for its scale but also for its rarity: large parcels of this size within the city’s core are virtually impossible to replicate today. For decades, the site has stood as a reminder of Paterson’s rich cultural and industrial heritage, offering a tangible link to the city’s past. Few opportunities exist to acquire land that combines such history, prominence, and redevelopment potential. Today, the Barbour Estate presents a once-in-a-generation chance to reimagine a legacy property for modern use. Its location just off Route 20 with direct access to the Garden State Parkway, Route 80, and Route 46 makes it ideally positioned for institutions, schools, or community uses that want to honor the past while shaping the future. In a marketplace where history and opportunity rarely intersect, the Barbour Estate stands out as a landmark site awaiting its next chapter.
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855-887 Broadway - Barbour Estate
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