203 Market St , Paterson City, Passaic 07505-1505
- $1,950,000
- $1,950,000
Overview
- 13107 Sqft
Description
Prime income-producing commercial building in the heart of Paterson’s Central Business District. Situated on highly trafficked Market Street, this 3-story masonry property offers approximately 13,107 SF of downtown real estate with immediate cash flow and significant upside potential. The first floor features a leased retail storefront (approx. 6,500 SF) and the third floor includes leased office space (approx. 3,500 SF), providing strong in-place income. The second floor (approx. 3,500 SF) offers clear value-add potential. The property also includes rear land behind the building, creating additional expansion or development opportunity (subject to municipal approvals). Zoned B-4 CBD, supporting a variety of commercial and mixed-use possibilities. Based on zoning parameters and preliminary concepts, there may be potential for residential conversion with conceptual estimates ranging from approximately 40″90 units, subject to architectural design and full city approvals. Buyer to perform independent due diligence. Excellent opportunity for investors, developers, or owner-users seeking cash flow with long-term growth potential.
Address
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Address: 203 Market St
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City: Paterson City
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State/county: Passaic
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Zip/Postal Code: 07505-1505
Details
Updated on May 4, 2026 at 12:05 am-
Property ID HZ4010141
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Price $1,950,000
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Property Size 13107 Sqft
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Land Area 0.14 Acres
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Garage Size x x
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Year Built 1900
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Property Status Active
Additional details
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Roof Built-Up
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Utilities See Remarks
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Sewer See Remarks
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Cooling Wall A/C Unit(s)
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Heating 3 Units, Forced Hot Air
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Flooring Carpeting, Concrete
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County Passaic
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Property Type OffcRetl
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