Paterson, NJ Retail Properties For Sale

 7
  • Jeffrey Squires
288-290 Lakeview Ave
Clifton, NJ 07011
$2,500,000 USD
7,859 SF
        
7,859 SF
$2,500,000 USD
Storefront Retail Residential
 5
  • Jon Smilowitz
368 Totowa Ave
Paterson, NJ 07502
$2,800,000 USD
25,000 SF
12 Units
12.7% Cap Rate
        
25,000 SF
$2,800,000 USD
Apartments
 28
  • Johnny Rojas
541 Union Ave
Paterson, NJ 07522
$750,000 USD
1,927 SF
        
1,927 SF
$750,000 USD
Storefront Retail Residential
 25
  • Nicholas Alutin
386 Lafayette Ave
Hawthorne, NJ 07506
$1,150,000 USD
2,770 SF
        
2,770 SF
$1,150,000 USD
Medical
 4
  • Stavros Mallios
213 Franklin St
Paterson, NJ 07524
$649,900 USD
3,398 SF
7% Cap Rate
        
3,398 SF
$649,900 USD
Auto Repair
 7
  • Joe Mastropole
93 Union Ave
Paterson, NJ 07512
$1,199,000 USD
2,140 SF
        
2,140 SF
$1,199,000 USD
Auto Repair
 39
  • Bruce Elia
  • Elvis Durakovic
12-56 River Rd
Fair Lawn, NJ 07410
$4,550,000 USD
13,469 SF
14 Units
6.71% Cap Rate
        
13,469 SF
$4,550,000 USD
Apartments
 4
5 Colt St
Paterson, NJ 07505
Price Upon Request
52,500 SF
        
52,500 SF
Price Upon Request
Storefront Retail Office
 18
  • Chris Leopizzi
207 Diamond Bridge Ave
Hawthorne, NJ 07506
$1,900,000 USD
4,800 SF
5.3% Cap Rate
        
4,800 SF
$1,900,000 USD
Storefront
 1
  • Russell Miller
503-509 Belmont Ave
Haledon, NJ 07508
$1,695,000 USD
13,000 SF
        
13,000 SF
$1,695,000 USD
Warehouse
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Paterson Retail Properties For Sale

Paterson, New Jersey, offers a unique opportunity for investors to capitalize on the city's rich history and diverse economy. Retail Properties for sale in Paterson provide a chance to tap into the city's strong consumer base, with a population of around 140,000 people. These properties can represent a variety of investments, from small strip centers to large shopping malls, each with its own unique characteristics and potential for growth. Paterson's strategic location, with easy access to major highways like Interstate 80 and State Routes 4, 19, and 20, makes it an attractive destination for businesses and consumers alike. The city's amenities, including the Passaic County Community College and St. Joseph's Regional Medical Center, also contribute to its appeal. Additionally, Paterson's cultural attractions, such as the Paterson Museum of Industrial History, and its proximity to New York City and the Hudson River waterfront in Hoboken, make it a great place for business and travel.

With 10 Retail Properties for sale in Paterson, investors have a range of options to choose from. These properties offer an average price per square foot of $410 USD and an average size of 12,758 square feet, with the largest property spanning 52,500 square feet. The average cap rate for Retail Properties in Paterson is 8.4%. In addition to Retail Properties, Paterson also offers a range of other property types, including Shopping Centers, which benefit from the city's high foot traffic; Restaurants, which cater to the diverse tastes of the local population; Office Properties, which provide a hub for businesses; and Hotels, which serve the city's many visitors. Overall, Paterson's unique blend of history, culture, and economic activity makes it an attractive destination for investors and businesses alike.

What is the average cap rate for retail properties in Paterson?

When it comes to investing in retail properties in Paterson, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in Paterson is 8.4%, which can help investors gauge the potential return on investment; for a deeper dive into this key metric, check out our article on what is a cap rate.

How do location and foot traffic affect retail property values?

In Paterson, New Jersey, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated near major transportation hubs like the NJ Transit Main Line commuter rail service to Hoboken and the Broadway Bus Terminal, or along busy roads like Interstate 80 and State Routes 4, 19, and 20, tend to attract more customers and command higher prices, with an average price per square foot of $410 USD and an average size of 12,758 square feet.

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