541 Union AvePaterson, NJ 07522

Property Details for 541 Union Ave

Construction

FRAME

Lot size

0.03 AC

Property size (Sq ft)

1,927 SF

Zone code

B-2

Property type

Other commercial real estate

APN

08 00610-0000-00004

APU

800610000000004

Description

This exceptional business opportunity is located at 541 Union Avenue in the vibrant city of Paterson, New Jersey. Priced at $695,000, this property presents a significant investment potential for the right entrepreneur. While the square footage is not currently specified, the property is listed as a business opportunity, suggesting a versatile space adaptable to a range of commercial uses. The property sits on a lot with zero acres, indicating a potentially compact but strategically located site within Paterson. The address, 541 Union Avenue, suggests a location with high visibility and accessibility, potentially benefiting from significant foot or vehicle traffic. Further due diligence is recommended to ascertain the precise size and configuration of the interior space, as well as the zoning regulations and permitted uses for the property. This is an excellent chance to acquire a business in a dynamic urban setting. Interested parties are encouraged to conduct thorough research to determine the suitability of this property for their specific business needs and objectives. The absence of square footage information underscores the need for an on-site inspection to fully assess the property's potential. This property is being offered as-is, and prospective buyers should be prepared to conduct their own independent assessments of the property's condition and suitability for their intended use. The asking price of $695,000 represents a compelling entry point into the Paterson commercial market.

• Alternative Use

  Use

  Valuation

  Residential

  $364,664

  Hospitality

  $334,030

  Educational

  $277,909

  Medical

  $287,467

  Retail

  $432,303

Location Insight

City

Paterson

County

Passaic

State

New Jersey

Latitude

40.9242

Longitude

-74.1811

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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