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122 16Th Ave Paterson City, NJ 07501
3,513 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,513 sqft
Price per Sqft $355
Subdivision Forth Ward
MLS Listing ID 4034154
Year Built 1925
Annual Tax Amount $20,481
Tax Year 2025
Lot Size 1,306 Sqft
Property Sub-Type Mixed Use
Property 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.
Location
State NJ
County Passaic
Zoning RA-2
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment Restrooms - Private, Smoke Detector, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Utilities Available See Remarks
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS MID-TOWN DIRECT