213 Franklin St - Auto Repair FOR SALE


Paterson, NJ 07524
$649,900 USD
201-421-9504
213 Franklin St, Paterson, NJ for Sale
$649,900 USD
Auto Repair - FOR SALE
1/4
null | 7% Cap Rate

213 Franklin St
Paterson, NJ 07524


HIGHLIGHTS

  • Modern residential units with opportunities for upgrades
  • Flexible commercial space ready for enhancement
  • Prime location with high visibility and foot traffic

OVERVIEW

Exceptional Value-Add Opportunity in Paterson, NJ | 3,398 SF Mixed-Use Property Explore a unique investment opportunity in the heart of Paterson, NJ, with this 3,398 square foot mixed-use property that perfectly balances residential comfort with commercial potential. Ideal for investors looking to enhance and maximize their returns, this property offers significant value-add potential in a thriving urban market. Residential Appeal with Room for Enhancement: The residential portion of the property offers a solid foundation with spacious layouts and modern features, making it attractive to a variety of tenants. With strategic upgrades and renovations, there’s ample opportunity to increase rental income or resale value. Whether it’s updating finishes, optimizing the layout, or adding premium amenities, this property provides a canvas for value-driven enhancements. Commercial Space with Growth Potential: The ground-floor commercial space presents a prime opportunity for businesses looking to establish or expand their presence in a high-traffic area. The current layout offers flexibility, and with targeted improvements—such as modernizing the storefront, enhancing the interior design, or reconfiguring the space—you can significantly boost its appeal and rental income. This is an ideal space for retail, office, or dining establishments in a location poised for growth. Strategic Location with Upside: Located in a rapidly developing area of Paterson, this property benefits from proximity to key transportation routes, a vibrant local community, and ongoing city improvements. As the neighborhood continues to evolve, the demand for quality residential and commercial spaces is expected to rise, further enhancing the property's long-term value.

FOR SALE DETAILS

PRICE

$649,900 USD

PRICE/SF

$191 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Commercial & Residential Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Convenience Store, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

RG-2

APN/PARCEL ID

08-02802-0000-00005

ASK ABOUT THIS PROPERTY

Stavros MalliosFlorida Homes Realty & MortgageMore Info
201-421-9504

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Stavros MalliosFlorida Homes Realty & MortgageMore Info
201-421-9504

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.