122 16th Ave, Paterson City, Passaic 07501-2249
- $1,250,000
- $1,250,000
Overview
- Residential Income
- 10
- 7
- 3513 Sqft
Description
Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.
Address
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Address: 122 16Th Ave
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City: Paterson City
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State/county: Passaic
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Zip/Postal Code: 07501-2249
Details
Updated on June 14, 2026 at 12:37 pm-
Property ID HZ4034158
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Price $1,250,000
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Property Size 3513 Sqft
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Land Area 0.03 Acres
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Bedrooms 10
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Rooms 16
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Bathrooms 7
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Year Built 1925
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Property Type Residential Income
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Property Status Active
Additional details
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Roof Asphalt Shingle
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Utilities See Remarks
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Sewer Public Sewer
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Cooling See Remarks
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Heating 4+ Units
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County Passaic
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Property Type Residential Income
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Architectural Style See Remarks
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Down Payment
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