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Commercial Sale For Sale

89 Market Street, Paterson, NJ 07505

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Property 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 2 -bedroom apartments will be vacant as of 4/1/2026, offering a valuable chance for renovation and immediate rent upside (to be rented for $1600). 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.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
26015448
Price:
$999,000
Status:
Active
Office Name:
Serhant New Jersey LLC
Agent Name:
Michael
Features
Architectural Style:
Retail
Utilities:
Sep Elec, Sep Gas, Sep Water, Seperate Heat
Address Map
Country:
US
State:
NJ
County:
PASSAIC
City:
Paterson
Zipcode:
07505
Street:
Market
Street Number:
89
Street Suffix:
Street
Longitude:
W75° 49' 31.8''
Latitude:
N40° 54' 57.4''
Additional Information
Virtual Tour:
Link will be provided soon
On Market Date:
2026-04-30
Financial
Tax Annual Amount:
18545
Listing Information
List Agent Mls Id:
1022569
List Office Mls Id:
3636
Mls Status:
Active
Modification Timestamp:
2026-04-30T22:10:44Z
Originating System Name:
njmls
Status Change Timestamp:
2026-04-30
Commercial Sale For Sale
Listing ID:
26015448
$999,000
Agent info
Contact Agent

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