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Listed price in listed location currency (USD).
$3,000,000

050

MLS® 4010141

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $57,221
Days Active 2
Approx. Age 1900
MLS® Number 4010141

Property Address: 203 Market St, Paterson, NJ, 07505-1511

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number4010141
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building & Land, Equipment

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 17, 2026List Date
$3,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
203 Market St, Paterson, NJ

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