122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
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$ 1,250,000
Est. payment | /mo

3,513 SqFt


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$ 1,250,000
Est. payment | /mo
Save

3,513 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,513 sqft

Price per Sqft $355

Subdivision Forth Ward

MLS Listing ID 4034154

Year Built 1925

Annual Tax Amount $20,481

Tax Year 2025

Lot Size 1,306 Sqft

Property Sub-Type Mixed Use

Property Description

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

Location

State NJ

County Passaic

Zoning RA-2

Rooms

Basement Finished

Interior

Heating Gas-Natural

Cooling See Remarks

Equipment Restrooms - Private, Smoke Detector, Sprinkler System

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available See Remarks

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Listed by KELLER WILLIAMS MID-TOWN DIRECT

Nearby Locations

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Gohar Grigoryan
Gohar Grigoryan

Broker Associate

+1(201) 739-9082

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122 16Th Ave