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139-141 Wayne Ave 3,479 SF Retail Building Paterson, NJ 07502 $1,460,498 CAD ($419.80 CAD/SF)



Executive Summary
Strategic retail/investment opportunity in Paterson’s highly active Totowa commercial corridor, immediately west of Downtown Paterson. 139-141 Wayne Avenue consists of a 5,050 SF two-story retail building situated on a 50' x 100' lot, offered vacant at closing to provide immediate flexibility for owner-users, investors, or redevelopment-minded purchasers. Currently improved as a supermarket, the property includes existing walk-in coolers/freezers and a functional retail configuration well-suited for grocery, specialty food, discount retail, medical, or other neighborhood-serving commercial uses. Positioned within a densely populated residential trade area with strong pedestrian and vehicular traffic, the asset offers excellent visibility, established consumer demand, and durable long-term retail fundamentals. Rare opportunity to acquire a vacant urban retail asset with owner-user utility, lease-up/investment upside, and future redevelopment potential in one of Paterson’s most established neighborhood retail submarkets. Offer is contingent on authorization of the bankruptcy court.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,479 SF
Building Class
C
Year Built
1940
Price
$1,460,498 CAD
Price Per SF
$419.80 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.12 AC
Zoning
R-3
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-00923-0000-00016 | Total Assessment | $934,251 CAD |
| Land Assessment | $81,628 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $852,623 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08-00923-0000-00016
Land Assessment
$81,628 CAD
Improvements Assessment
$852,623 CAD
Total Assessment
$934,251 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Presented by
Triumph Group Real Estate, LLC
139-141 Wayne Ave
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