ADDRESS
62 E Park Place
Morristown, NJ 07960
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$725,000
97 Days On Site
119 W BroadwayPaterson City, NJ 07522
For Sale|Mixed Use|Active
0
Beds
0
Total Baths
3,235
SqFt
$224
/SqFt
County:
Passaic
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Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market
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Listing Snapshot
Price
$725,000
Days On Site
97 Days
Bedrooms
N/A
Inside Area (SqFt)
3,235 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
N/A
MLS® Number
3964696
Status
Active
Property Tax
$13,598
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.04
Number Of Stories
3
Property Sub Type
Mixed Use
Sewer
Public Sewer
SqFt Total
3235
Water Source
Public
Zoning
Commercial
Interior Features
Basement
Unfinished
Flooring
TileVinylWood
Heating
BaseboardNatural Gas
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Exterior Features
Construction Details
Vinyl Siding
Lot Features
Level
Listing courtesy of C-21 GEMINI, LLC.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
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