Listing Details

89 Market St,Paterson City, NJ 07505-1274

  • December 11, 2025

Description

This 5-unit mixed-use building features a long-standing liquor store/bar on the ground floor, providing stable commercial income with strong visibility along Market Street. Above the retail space are four residential apartments: two 2-bedroom units and two 1-bedroom units. One of the 1-bedroom apartments will be vacant as of 4/1/2026, offering a valuable chance for renovation and immediate rent upside. Of the three remaining residential units, one has already been updated, while the others present significant value-add potential for an investor looking to modernize and increase long-term returns. ALL SEPARATE UTILITIES! The building layout is efficient, and the mixed-use configuration appeals to renters seeking convenience near transportation, shopping, and local businesses. With consistent demand in the area, this property provides a solid base of income today with substantial room to improve performance over time. Ideal for hands-on owners or investors seeking growth in an evolving urban market. Property is being sold strictly as-is.

Details

Last Updated On: December 11th, 2025 at 6:42 pm
Property ID:PT-20061855-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 999,999 $
Year Built:1910

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 25X113
Lot Description: Level Lot
Property Type: Mixed Use, Store With Apartment
Lot Identifier: 11

Home Details

Location: Business District
Acreage: 0.06
Sale Includes: Building & Land
Construction: Brick/Block, Wood
Exterior Description: Brick/Block
Roof Description: Flat, Rubberized
Number of Stories: 3
Number of Units: 5
Number of Lavatories: 5
Max Ceiling Height: 9
Building SqFt: 4744
Parking Desc: None
Easement/Desc: No
Basmnt/Desc: Yes - Bilco-Style Door, Full, Storage, Unfinished
YB/Desc: 1910 - Approximate
Block Identifier: 4605
County Number: 25
Town Number: 2508
Possession: Flexible

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases
Ownership: Fee Simple
Tax ID For Property: 2508-04605-0000-00011-0000-
Tax Amount: $18,545.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Land Assessment: $136,300.00
Building Assessment: $227,700.00
Total Assessment: $364,000.00

Utilities

Equipment Available: Appliances
Heat Source: Gas-Natural
Heat System: 4+ Units, Baseboard - Hotwater
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Permitted Use: Retail, Multi-Family, Rest/Bars, Professional, etc
Zoning: B-4
Prior Use: Liquor Store/Bar plus 4 Residential Apartments

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