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$1,250,000 Just Listed

  • For Sale
  • Active
  • Retail
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Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

Full Property Details for 122 16th Ave

General

  • Price: $1,250,000
  • Taxes: $20,481 (2025)
  • Status: Active
  • Type: Retail
  • Source: Garden_State
  • MLS ID: 4034154
  • Updated: 6/12/2026
  • Added to Site: 5 day(s) ago

Business

  • Includes: See Remarks

Rooms

Bathrooms

  • Total Bathrooms: 5

Additional Information

  • Equipment: Restrooms - Private, Smoke Detector, Sprinkler System

Parking

  • Parking: On-Street Parking

Location

  • County: Passaic
  • Subdivision: FORTH WARD
  • Driving Directions: Turn right onto Market St. from Memorial Drive, then left onto 16th Ave. Carrall St. will be on your right at the corner.
  • Location Details: Business District, Corner

Heating & Cooling

  • Cooling Type: See Remarks
  • Heating Type: 4+ Units
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: See Remarks

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished
  • Roof: Asphalt Shingles
  • Stories in Building: 3
  • Square Feet: 3,513
  • Aprox. Leasable: 3,513 Sq. Ft.
  • Year Built: 1925
  • Remodeled/Updated: 2022

Unit Information

  • 1 Bedroom Units: 3
  • 2 Bedroom Units: 2
  • 3 Bedroom Units: 3
  • Units w/Full Bath: 4
  • Units w/Half Bath: 1

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size: 25X60
  • Permitted Use: 4 RESIDENTAL 2 STORES
  • Zoning: RA-2

Financial Considerations

  • Assessment Amount: $665,400
  • Land Assmt: $75,700
  • Tax Amount: $20,481
  • Tax Year: 2025
  • Owner Pays: Water
  • Tenant Pays: Electric, Gas, Heat

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: See Remarks
  • APN: 2508-04319-0000-00012-0000-
  • Block: 4319
  • Lot Number: 12

Listed by Keller Williams Mid-Town Direct

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Listing agent

— 122 16th Ave —

  • Keller Williams Mid-Town Direct

848-354-3563

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 122 16th 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 122 16th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/12/2026
Listed
$1,250,000
-19.35%
MLS
7/16/2025
Sold
$1,550,000
—
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 122 16th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,560
4%
$383,900
—
2023
$18,823
6%
$383,900
—
2022
$17,821
—
$383,900
—
2022
$17,779
3%
$383,900
—
2021
$17,183
20%
$383,900
16%
2018
$14,371
10%
$332,200
5%
2017
$13,112
-4%
$315,200
—
2016
$13,677
-10%
$315,200
-15%
2019
$15,271
18%
$369,400
17%
2015
$12,948
57%
$315,200
-7%
2013
$8,232
—
$340,000
—
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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NMLS#: 1598647

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Listed by Keller Williams Mid-Town Direct

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122 16th Ave, Paterson, NJ 07501 (MLS# 4034154) is a Retail property. 122 16th Ave is currently listed for $1,250,000 and was received on June 12, 2026. Want to learn more about 122 16th Ave? Do you have questions about finding other Retail 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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