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$769,999

  • For Sale
  • Active
  • Commercial
See This Home
Save This Home
See This Home
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This was a mixed-use property with a laundromat business operating on the first floor, but the previous owner removed all of the equipment. Gas, electric, water, security system, and drainage connections have been installed, with capacity for up to 20 washers and 20 dryers. A new central A/C and heating system has also been installed on the first floor, the building also features two recently renovated apartments on the second and third floors (see details in the unit information section). The driveway, siding, and roof are all brand new, you have to see this property in person to truly appreciate the many recent improvements. Due to the first-floor vacancy, the previous buyers were unable to secure financing. As a result, the seller is only accepting cash offers with proof of funds. Conventional financing may be considered with at least a 50% down payment and a pre-approved loan letter. Buyers should check with their lender before moving forward. "BETTER SAFE THAN SORRY" This property represents an outstanding investment opportunity with significant income potential. GOOD NEWS...!!! THE PROPERTY HAS ALREADY BEEN APPRAISED AT $800,000, SO THERE IS NO RISK OF GOING FOR THE FULL ASKING PRICE...!!!

Full Property Details for 116 Belmont Ave

General

  • Price: $769,999
  • Taxes: $14,964 (2025)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 4049503
  • Updated: 9/12/2026
  • Added to Site: 34 day(s) ago

Business

  • Includes: Building Only

Rental Information

  • Lease Terms: See Remarks

Interior

  • Flooring: Laminate, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Restrooms: 4

Additional Information

  • Equipment: Fire Alarm, Restrooms - Public, Smoke Detector

Parking

  • Garage Spaces: 8
  • Total Spaces: 8
  • Parking: 2 Car Width

Location

  • County: Passaic
  • Driving Directions: GPS or Listing link
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Wall A/C Unit(s)
  • Heating Type: 3 Units
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block, Composition Shingle
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt Shingles
  • Ceiling Height: 9
  • Doors: 1
  • Door Dimensions: 9
  • Amps: 100
  • Stories in Building: 3
  • Aprox. Leasable: 9,999 Sq. Ft.
  • Previous Bldg. Use: mix used
  • Office: 64 Sq. Ft.
  • Year Built: 1940
  • Remodeled/Updated: 2025

Unit Information

  • 1 Bedroom Units: 1
  • Units w/Full Bath: 1
  • Units w/Half Bath: 1

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size: 45X100
  • Permitted Use: mix used
  • Zoning: comm
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $476,400
  • Land Assmt: $157,500
  • Tax Amount: $14,964
  • Tax Year: 2025
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: No Documents Available
  • Disclosures: Yes
  • APN: 2508-00422-0000-00008-0000-
  • Block: 422
  • Lot Number: 8

Listed by Promise Land Realty

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Listing agent

— 116 Belmont Ave —

  • Promise Land Realty

973-253-7330

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 Belmont Ave

School District:Paterson City School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Belmont Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/29/2026
Listed
$769,999
40%
MLS
4/24/2024
Sold
$550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 Belmont Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,965
—
$476,400
70%
2025
$14,965
9%
$280,500
—
2023
$13,753
6%
$280,500
—
2022
$13,021
4%
$280,500
—
2021
$12,555
12%
$280,500
4%
2019
$11,162
6%
$270,000
11%
2018
$10,499
10%
$242,700
5%
2017
$9,585
-4%
$230,400
—
2016
$9,997
6%
$230,400
—
2015
$9,465
31%
$230,400
-13%
2013
$7,236
—
$263,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Promise Land Realty

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116 Belmont Ave, Paterson, NJ 07522 (MLS# 4049503) is a Commercial property. 116 Belmont Ave is currently listed for $769,999 and was received on August 29, 2026. Want to learn more about 116 Belmont Ave? Do you have questions about finding other Commercial real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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