For Sale

203 Market St,Paterson City, NJ 07505-1505

February 17, 2026

Prime income-producing commercial building in the heart of Paterson’s Central Business District. Situated on highly trafficked Market Street, this 3-story masonry property offers approximately 13,107 SF of downtown real estate with immediate cash flow and significant upside potential. The first floor features a leased retail storefront (approx. 6,500 SF) and the third floor includes leased office space (approx. 3,500 SF), providing strong in-place income. The second floor (approx. 3,500 SF) offers clear value-add potential. The property also includes rear land behind the building, creating additional expansion or development opportunity (subject to municipal approvals). Zoned B-4 CBD, supporting a variety of commercial and mixed-use possibilities. Based on zoning parameters and preliminary concepts, there may be potential for residential conversion with conceptual estimates ranging from approximately 40″90 units, subject to architectural design and full city approvals. Buyer to perform independent due diligence. Excellent opportunity for investors, developers, or owner-users seeking cash flow with long-term growth potential.

Property ID:PT-28703650-AXZR

Offer Type:For Sale

Property Type:Office/Retail

Price: 3,000,000 $

Year Built:1900

Listing Details

Status: Active

Location

County: Passaic

Lotsize: 53X115

Office SqFt: 3500

Property Type: Office/Retail

Available: Immediately

Lot Identifier: 27

Home Details

Location: Business District

Acreage: 0.14

Sale Includes: Building & Land, Equipment

Construction: Brick/Block

Exterior Description: Brick/Block, Concrete

Roof Description: Built-Up

Number of Stories: 3

Number of Units: 3

Number of Lavatories: 5

Max Ceiling Height: 13

Max Door Height: 8

Floors: Carpeting, Concrete

Available SqFt: 3500

Building SqFt: 13107

Color of Building: BROWN

Parking Desc: None, On-Street Parking

Easement/Desc: Unknown

Basmnt/Desc: Yes - Finished, Storage

Tenant Pays: Electric, Gas, Hot Water, Maintenance-Common Area, Repairs, Snow Removal, Trash Removal, Water

Owner Pays: No Utilities

YB/Desc: 1900 - Approximate, Historical

Block Identifier: 4405

County Number: 25

Town Number: 2508

Possession: 0-30

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Documents Available: Financial Statement, Financing, Leases, Site Plan, Survey

Lease Type: Primary

Lease Includes: Taxes

Ownership: Fee Simple

Tax ID For Property: 2508-04405-0000-00027-0000-

Tax Amount: $57,221.00

Tax Year: 2024

Tax Rate: 5.095%

Tax Rate Year: 2025

Land Assessment: $439,900.00

Building Assessment: $683,200.00

Total Assessment: $1,123,100.00

Utilities

Equipment Available: Fire Alarm, Fixtures, Office Equipment, Restrooms - Private, Sprinkler System, Storage Area(s)

Heat Source: Gas-Natural

Heat System: 3 Units, Forced Hot Air

Cool System: Wall A/C Unit(s)

Water: Public Water

Other

Permitted Use: Commercial / Mixed-Use

Zoning: B4

Prior Use: Retail / Office

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Listing Details

203 Market St,Paterson City, NJ 07505-1505

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