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203 Market St Paterson, NJ $ 1,300,000
203 Market St
$ 1,300,000
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203 Market St

Paterson, NJ, 07505
$ 1,300,000
Bedrooms-- Baths-- Sq 13,107

Property for Rent in Paterson, NJ

for $1,300,000. This 13,107 square foot property was built in 1900 on a lot size of 0.14.

Rare mixed-use investment and owner-user opportunity located along Market Street, one of Paterson's primary commercial corridors. The property consists of an approximately 13,107-square-foot, three-story commercial building situated on a 6,095-square-foot lot within the B-4 zoning district.The building features an occupied approximately 5,100-square-foot ground-floor furniture store and two upper-level office floors measuring approximately 3,500 square feet each. In addition to the stated building area, the property includes approximately 5,100 square feet of below-grade storage space, which is not included in the reported 13,107-square-foot building size.The property offers flexible floor layouts, interior column spacing, abundant windows, strong natural light and ceiling heights of approximately 12 to 13 feet. Additional features include approximately seven to eight rear parking spaces, a roof reported to be in good condition and prominent frontage along a highly visible downtown commercial corridor.The combination of existing retail income, available upper-level space and substantial below-grade storage makes the property well suited for an investor, owner-user or business seeking a flexible commercial asset in the heart of Paterson.

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Rental Active

Price

$ 1,300,000

Taxes

$ 59,917

Style

OffcRetl

Lot Size

0.14

Year Built

1900

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4042466

Features
General
Sewer Public Sewer
Construction Formed Concrete See Remarks
Heating 3 Units Baseboard - Electric
Cooling 3 Units See Remarks Window A/C(s)
Utilities Electric Gas-Natural See Remarks
Possession 0-30
Roof Flat
Zoning B-4 CBD
Garage Spaces 8
Year Built 1900
Township Paterson City
Property Type Mixed Use Office/Retail See Remarks OffcRetl
Tax Year 2025
Ownership Fee Simple
Location Highway Location See Remarks
Lease Information 5 Or More Years
Gross Income 207700
County Passaic
Net Operating Income 122978
Operating Expense 84722
Status Active
Directions Brown building next to a pay parking lot between Market St and Church st
Number Of Units Total 3
Tax Annual Amount 59917
Drive 2 Car Width Driveway-Shared On-Street Parking See Remarks
Leasable Area 300
Lease Type Gross
Standard Status Active
Tax Assessed Value 1751700
Town # 2508
Tax Lot 27
Cap Rate 7.93
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Interior
Basement Finished
Flooring Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 0
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Exterior
Water Source Public Water
Exterior Description Concrete
Building Area Total 13107
Lot Dimensions 53X115
Lot Size Acres 0.14
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* Excluded Features
List By
JOSUE ROMERO

Listing Agent

Keller Williams Park Views

Broker

Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$1,300,000 Listed Price

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203 Market St, Paterson, NJ, 07505 is a Property for Rent at $1,300,000 with 13,107 sqft and a lot size of 0.14. 203 Market St was built in 1900. The property's zip code is 07505 which is in Paterson, NJ