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38-40 Park Ave 7,350 SF 100% Leased Retail Building Paterson, NJ 07501 For Sale
Investment Highlights
- Walking distance NJ Transit train - Market street station and The Center City Mall
- 100% occupied
Executive Summary
The property located at 38-40 Park Avenue consists of 7,350± SF of rentable commercial space. The building was meticulously restored by the current ownership and in 2014 won a historic preservation award from the city of Paterson recognizing their efforts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,350 SF
Building Class
C
Year Built/Renovated
1950/2013
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.43
Lot Size
0.07 AC
Frontage
32’ on Park Ave
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,102,637 CAD | |
| Land Assessment | $309,847 CAD | Total Assessment | $1,412,484 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$309,847 CAD
Improvements Assessment
$1,102,637 CAD
Total Assessment
$1,412,484 CAD
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38-40 Park Ave
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