122 16Th Ave , Paterson City, New Jersey 07501-2249

  • $1,250,000

Description

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

  • City: Paterson City
  • State/county: Passaic

Details

Updated on June 16, 2026 at 8:31 am
  • Property ID HZ4034154
  • Price $1,250,000
  • Property Size 3513
  • Property Status Active

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Queens Realty New Jersey

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