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468 Totowa Ave, Inc. 468 Totowa Ave 108,000 SF 10% Leased Industrial Building Paterson, NJ 07522 For Sale
Executive Summary
The subject property is located in Paterson’s First Ward, directly north of the Great Falls and along Totowa Avenue.
The property is a 200’ wide by 215’ lot. The parcel is located in the First Ward Redevelopment Zone and is also located in a qualified opportunity zone.
Plans have been approved by city of Paterson to redevelop the asset into a 127-unit mixed-use building.
Key notes:
- Garden State Growth Zone Pilot is available
- One of a few development sites available on Totowa Ave/Great Falls corridor
- Vista Park and Westside Park rehabilitation has completed with parks opening in Spring 2026
- Over $25M in public and private investment received for both projects
- Adjacent to recently renovated Hinchliffe Stadium and newly built Hinchliffe Residences
- Recently approved 122 Unit development a couple blocks away
- Can be developed using existing approved plans, redeveloped with new plans, or potentially for owner-user
The property is a 200’ wide by 215’ lot. The parcel is located in the First Ward Redevelopment Zone and is also located in a qualified opportunity zone.
Plans have been approved by city of Paterson to redevelop the asset into a 127-unit mixed-use building.
Key notes:
- Garden State Growth Zone Pilot is available
- One of a few development sites available on Totowa Ave/Great Falls corridor
- Vista Park and Westside Park rehabilitation has completed with parks opening in Spring 2026
- Over $25M in public and private investment received for both projects
- Adjacent to recently renovated Hinchliffe Stadium and newly built Hinchliffe Residences
- Recently approved 122 Unit development a couple blocks away
- Can be developed using existing approved plans, redeveloped with new plans, or potentially for owner-user
Property Facts
Amenities
- 24 Hour Access
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-00801-0000-00009 | Improvements Assessment | $3,342,741 CAD |
| Land Assessment | $911,421 CAD | Total Assessment | $4,254,162 CAD |
Property Taxes
Parcel Number
08-00801-0000-00009
Land Assessment
$911,421 CAD
Improvements Assessment
$3,342,741 CAD
Total Assessment
$4,254,162 CAD
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468 Totowa Ave, Inc. | 468 Totowa Ave
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