Property Description
This 5-unit mixed-use building features a long-standing liquor store/bar on the ground floor, providing stable commercial income with strong visibility along Market Street. Above the retail space are four residential apartments: two 2-bedroom units and two 1-bedroom units. One of the 1-bedroom apartments will be vacant as of 4/1/2026, offering a valuable chance for renovation and immediate rent upside. Of the three remaining residential units, one has already been updated, while the others present significant value-add potential for an investor looking to modernize and increase long-term returns. ALL SEPARATE UTILITIES! The building layout is efficient, and the mixed-use configuration appeals to renters seeking convenience near transportation, shopping, and local businesses. With consistent demand in the area, this property provides a solid base of income today with substantial room to improve performance over time. Ideal for hands-on owners or investors seeking growth in an evolving urban market. Property is being sold strictly as-is.
Overview
Property Type
Commercial
Location
89 Market St, Paterson City, NJ 07505
Zoning
B-4
MLS ID
4001289
Listing Last Updated
Property Features & Amenities
Interior
Exterior
Stories
3
Water Source
Public
Utilites
Natural Gas Available
Roof
Rubber
Lot Features
Level
Heat Type
Baseboard, Natural Gas
Air Conditioning
Window Unit(s)
Sewer
Public Sewer
Details
Total Area
4,744 Sq.Ft.
Financial
Price
$999,999
Real Estate Tax
$18,545/yr
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