523 Park Ave,Paterson City, NJ 07504
Paterson City, NJ 07504
Description
Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.
Details
| MLS # | 4036074 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 104 |
| Listing Provided By | REALTY EMPIRE, LLC | DOMINGO MENDEZ |
Features
| Bath(s) | 3 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 4972 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07504 |
| Area | Passaic |
| Listing VS Median (in 07504) | |
Price: $799,000 low | high Med: $126,350 On site: 104 low | high Med: 28 | |
Market Activity 07504
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Learn More About This Property
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07504 |
| Area | Passaic |
| Listing VS Median (in 07504) | |
Price: $799,000 low | high Med: $126,350 On site: 104 low | high Med: 28 | |
