901 Paterson Plank RdNorth Bergen, NJ 07047

  • Apartment buildings
  • 0.14 AC

Property Details for 901 Paterson Plank Rd

Year built
1916
Lot size
0.14 AC
Property type
Apartment buildings

Description

This exceptional 8,485 square foot mixed-use property, located at 901 Paterson Plank Road in North Bergen, New Jersey, presents a compelling investment opportunity. Currently 100% occupied, the site boasts a prime corner location with dual access points on Paterson Plank Road and 9th Street. The 0.144-acre lot features existing structures, including a two-story residential building and a single-story warehouse/garage, which are easily demolished. The property is zoned R-1, allowing for low-density residential development. Its strategic location offers easy access to major highways (Routes 495, 3, 1&9) and the Lincoln Tunnel, providing convenient access to Midtown Manhattan (just 3 miles away). The surrounding area showcases strong demographics, with over 250,000 people within a 3-mile radius and an average household income exceeding $144,000. Nearby, you'll find established national retailers such as ShopRite, Dollar General, Aldi, Starbucks, Dunkin', Chase Bank, Popeyes, and KFC. A neighboring property recently received municipal approval for a 28-unit multi-family development project on a comparable lot, highlighting the significant development potential of this site. Built in 1916, this property offers a unique chance to capitalize on the thriving North Bergen real estate market. The existing structures provide immediate income while the zoning and location present a clear path for future development.

Location Insight

City
North Bergen
County
Hudson
State
New Jersey
Latitude
40.7604
Longitude
-74.0448

FAQs

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