Redevelopment | Repositioning Opportunity 41-47 E 23rd St 15,000 SF 100% Leased Industrial Building Paterson, NJ 07514 $3,825,387 CAD ($255.03 CAD/SF)

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a commercial Property located at 90 2nd Avenue in Paterson, New Jersey (the “Property”). The Property consists of a three-story, 15,000 square foot building with 73 feet of frontage along 2nd Avenue and 94 feet of frontage along E 23rd Street and on a 7,013 square foot (0.16-acre) corner parcel of land. The Property is zoned I-2 (Industrial). The Property is currently occupied by Urban Millwork (the current owner) and Lenin Auto Sound & Tint. Urban Millwork’s space will be delivered vacant and Lenin Auto Sound & Tint has two years remaining on their lease. Situated at 90 2nd Avenue, the Property benefits from a highly accessible location within the heart of Paterson, one of Northern New Jersey's most densely populated and economically active urban centers. Situated at the intersection of 2nd Avenue and E 23rd Street, the Property enjoys convenient access to Interstate 80, New Jersey Route 19, U.S. Route 46, and the Garden State Parkway, providing excellent connectivity throughout Passaic County and the greater New York metropolitan area. The surrounding area is characterized by a dense mix of residential neighborhoods, commercial businesses, industrial facilities, and institutional uses that generate consistent traffic and demand for local services. Major economic drivers include healthcare, education, manufacturing, logistics, government services, and retail trade, with significant employment provided by St. Joseph's Health, Passaic County Community College, Paterson Public Schools, and numerous regional industrial and distribution employers located throughout the Interstate 80 corridor. The Property also benefits from its proximity to neighboring employment centers in Clifton, Wayne, and Parsippany, as well as convenient access to New York City. With a substantial surrounding population base, strong commuter traffic patterns, excellent regional accessibility, and proximity to major employers and educational institutions, the Property is well positioned to support a wide variety of commercial uses and benefit from the area's stable long-term economic fundamentals.