566 Madison AvePaterson, NJ 07514

  • Specialty properties
For Lease
$15/SF/YR View listing

Property Details for 566 Madison Ave

Property type
Specialty properties
Property subtype
Airport retail

Description

This exceptional 9,125 square-foot, two-story masonry building presents a unique investment opportunity. Situated on a sizable 0.4-acre lot, the property boasts a prime location, ideal for a thriving business. The building features four service bays equipped with lifting equipment, catering to the needs of an automotive repair operation. A significant advantage is the expansive 5,000 square-foot fenced parking lot located at the rear of the building, providing ample space for customers and inventory, and offering convenient back-street access. Inside, the property includes a functional 300 square-foot office space, ensuring efficient business management, along with separate men's and women's restrooms for employee and customer convenience. The property's classification as both retail and special purpose, combined with its airport proximity, suggests strong potential for a variety of uses. The single-tenant occupancy offers immediate income potential or the opportunity for a long-term lease. This property is a rare find, combining substantial space, convenient amenities, and a strategic location. The combination of building size, parking, and location makes this an attractive investment for a discerning buyer. The existing infrastructure and layout are well-suited for continued operation as an automotive repair facility, or could be adapted to suit other compatible businesses. The property's size and features offer significant flexibility for future expansion or modification.

Location Insight

City
Paterson
County
Passaic
State
New Jersey
Latitude
40.9214
Longitude
-74.1529

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