Date
Details
Price
Change
Source
2/17/2026
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$3,000,000 Just Listed
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1/23
Property Description
Prime income-producing commercial building in the heart of Paterson's Central Business District. Situated on highly trafficked Market Street, this 3-story masonry property offers approximately 13,107 SF of downtown real estate with immediate cash flow and significant upside potential. The first floor features a leased retail storefront (approx. 6,500 SF) and the third floor includes leased office space (approx. 3,500 SF), providing strong in-place income. The second floor (approx. 3,500 SF) offers clear value-add potential. The property also includes rear land behind the building, creating additional expansion or development opportunity (subject to municipal approvals). Zoned B-4 CBD, supporting a variety of commercial and mixed-use possibilities. Based on zoning parameters and preliminary concepts, there may be potential for residential conversion with conceptual estimates ranging from approximately 40"90 units, subject to architectural design and full city approvals. Buyer to perform independent due diligence. Excellent opportunity for investors, developers, or owner-users seeking cash flow with long-term growth potential.
Full Property Details
Full Property Details for 203 Market St
General
- Price: $3,000,000
- Taxes: $57,221 (2024)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4010141
- Updated: 2/17/2026
- Added to Site: 4 day(s) ago
Business
- Includes: Building & Land, Equipment
Rental Information
- Lease/Rent Term: Primary
- Lease Includes: Taxes
- Lease Terms: See Remarks
Interior
- Flooring: Carpeting, Concrete
Rooms
Bathrooms
- Total Bathrooms: 5
- Restrooms: 5
Additional Information
- Equipment: Fire Alarm, Fixtures, Office Equipment, Restrooms - Private, Sprinkler System, Storage Area(s)
Exterior
- Color: BROWN
Parking
- Parking: None, On-Street Parking
Location
- County: Passaic
- Driving Directions: Market St to 203"207 Market St, located in downtown Paterson between Main St and Mill St, next to a pay parking lot
- Location Details: Business District
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: 3 Units, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: See Remarks
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block, Concrete
- Basement: Yes
- Basement Desc.: Finished, Storage
- Roof: Built-Up
- Ceiling Height: 13
- Door Dimensions: 8
- Loading: None
- Voltage: 220
- Stories in Building: 3
- Square Feet: 13,107
- Aprox. Leasable: 3,500 Sq. Ft.
- Previous Bldg. Use: Retail / Office
- Office: 3,500 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.14
- Lot Size: 53X115
- Permitted Use: Commercial / Mixed-Use
- Zoning: B4
Financial Considerations
- Price Per Sq. Ft.: $228
- Expenses: Taxes
- Operating Expenses: $77,917
- Assessment Amount: $1,123,100
- Land Assmt: $439,900
- Tax Amount: $57,221
- Tax Year: 2024
- Owner Pays: No Utilities
- Tenant Pays: Electric, Gas, Hot Water, Maintenance-Common Area, Repairs, Snow Removal, Trash Removal, Water
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Financial Statement, Financing, Leases, See Remarks, Site Plan, Survey Available
- Disclosures: Yes
- APN: 2508-04405-0000-00027-0000-
- Block: 4405
- Lot Number: 27
Listed by Keller Williams Park Views
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Listing agent
— 203 Market St —
Keller Williams Park Views
516-271-8420
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Schools
Schools serving 203 Market St
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 203 Market St
Tax History
Tax History for 203 Market St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$57,222
4%
$1,123,100
—
2023
$55,066
6%
$1,123,100
—
2022
$52,134
—
$1,123,100
—
2022
$51,939
11%
$1,123,100
—
2020
$46,889
8%
$1,123,100
—
2019
$43,333
8%
$1,123,100
21%
2018
$40,011
10%
$924,900
6%
2017
$36,338
-4%
$873,500
—
2016
$37,901
6%
$873,500
—
2015
$35,883
-17%
$873,500
-17%
2019
$43,333
83%
$1,048,200
22%
2013
$23,629
—
$861,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 203 Market St
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203 Market St, Paterson, NJ 07505 (MLS# 4010141) is a Retail property. 203 Market St is currently listed for $3,000,000 and was received on February 17, 2026. Want to learn more about 203 Market St? 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.