This exceptional commercial property, located at 64 Main Street in Paterson, New Jersey, presents a compelling investment opportunity. The property is classified as "Other," offering a versatile space ideal for a variety of commercial uses. Priced at $865,000, this asset sits on a lot measuring zero acres. While the precise square footage is not currently specified, the property's central location on Main Street in Paterson offers significant potential for high visibility and foot traffic. The absence of specified square footage necessitates an on-site inspection to fully assess the property's dimensions and layout. This allows for a unique opportunity to tailor the space to a specific business plan. Paterson's vibrant and growing economy provides a strong foundation for commercial success, making this property an attractive investment for those seeking a foothold in a dynamic market. Further due diligence is encouraged to fully understand the property's potential and to determine its suitability for intended commercial use. The property's location on Main Street offers excellent accessibility and visibility, making it an ideal location for a variety of businesses. Interested parties are encouraged to schedule a viewing to explore the possibilities this unique property offers. The asking price reflects the property's potential and strategic location within the Paterson commercial landscape.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,357,223
Hospitality
$1,243,209
Educational
$1,034,335
Medical
$1,069,908
Retail
$1,608,966
Location Insight
City
Paterson
County
Passaic
State
New Jersey
Latitude
40.9201
Longitude
-74.1731
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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