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MixedUse For Sale

89 Market St, Paterson City, Passaic 07505-1274

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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:
MixedUse
Listing Type:
For Sale
Listing ID:
4024514
Price:
$999,000
Year Built:
1910
Lot Area:
0.06 Acre
Status:
Under Contract
Office Name:
SERHANT NEW JERSEY LLC
Roof:
Flat, Rubberized
Features
Heating System:
Baseboard - Hotwater, 4+ Units
Cooling System:
Window A/C(s)
Basement:
Full, Unfinished, Storage, Bilco-Style Door
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07505-1274
Street:
Market St
Street Number:
89
Longitude:
W75° 49' 31.8''
Latitude:
N40° 54' 57''
Directions:
GPS 89 Market St. Paterson
Zoning:
B-4
Additional Information
Lot Size Dimensions:
25X113
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
5
Lot Features:
Level Lot
Building Size:
4744
Financial
Tax Annual Amount:
18545
Listing Information
List Agent Mls Id:
293189
List Office Mls Id:
6081
Mls Status:
Under Contract
Modification Timestamp:
2026-07-09T09:52:15Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4024514
Lot Area:
0.06 Acre
$999,000
Agent info
Contact Agent

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