203 Market St, Paterson City, NJ 07505
203 Market St, Paterson City, NJ 07505
203 Market St, Paterson City, NJ 07505
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$3,000,000
Est. payment /mo
3,500 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $857

MLS Listing ID 4010141

Year Built 1900

Annual Tax Amount $57,221

Tax Year 2024

Lot Size 6,098 Sqft

Property 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.

Location

State NJ

County Passaic

Zoning B4

Rooms

Basement Finished, Storage

Interior

Heating Gas-Natural

Cooling Wall A/C Unit(s)

Flooring Carpeting, Concrete

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

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block, Concrete

Utilities Available See Remarks

Roof Type Built-Up

Building

Story 3

Sewer See Remarks

Water Public Water

Others

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS PARK VIEWS

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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203 Market St