Warehouses for sale in Paterson, New Jersey, offer a unique investment opportunity in a city with a rich history and diverse economy. As the third-most-populous municipality in the state, Paterson has a significant presence of industries such as textiles, firearms manufacturing, and brewing, making it an attractive location for warehouse investments. These properties can represent a range of investments, from industrial spaces for manufacturing and logistics to storage facilities for various businesses. Paterson's strategic location, with access to major highways like Interstate 80 and State Routes 4, 19, and 20, as well as NJ Transit commuter rail and bus services, makes it an ideal spot for warehouses. The city's infrastructure, including the Passaic County Community College and St. Joseph's Regional Medical Center, also supports the growth of businesses and industries. Additionally, Paterson's proximity to notable cities like Newark and New York, as well as its arts scene and cultural events, make it a great place for business and travel.
With 11 warehouses for sale in Paterson, investors have a range of options to choose from. These properties offer an average price per square foot of $190 USD and an average size of 41,664 square feet, with the largest property spanning 230,922 square feet. The average cap rate for these warehouses is 7.86%. In addition to warehouses, Paterson also offers industrial properties, land, residential income homes, and commercial real estate for sale. Industrial properties in Paterson provide opportunities for manufacturing and logistics, while land offers a blank canvas for development. Residential income homes can provide a steady stream of revenue, and commercial real estate can serve as a hub for businesses. Overall, Paterson's diverse range of properties and strong infrastructure make it an attractive location for investors and businesses alike.
What are the key features investors look for in warehouses in Paterson?
When searching for warehouses in Paterson, investors typically look for properties that offer a combination of strategic location, accessibility, and amenities, with key features including:
- Proximity to major transportation hubs, such as Interstate 80, State Routes 4, 19, and 20, and the NJ Transit Main Line commuter rail service to Hoboken, providing easy access to surrounding counties and New York City.
- Average cap rates of 7.86%, indicating a potential for strong returns on investment, and average prices per square foot of $190 USD, making Paterson an attractive option for warehouse investors.
- Warehouse sizes ranging from 41,664 square feet to 230,922 square feet, catering to various business needs and offering flexibility for investors.
What size warehouses are available to buy in Paterson?
Warehouses for sale in Paterson, New Jersey, range in size from 41,664 square feet to 230,922 square feet, with an average price per square foot of $190 USD and an average cap rate of 7.86%, offering a variety of options for businesses and investors, with 11 available listings to choose from.
How much does it cost to buy a warehouse in Paterson?
When it comes to buying a warehouse in Paterson, the cost can vary greatly depending on the size and features of the property, with an average price per square foot of $190 USD and an average size of 41,664 square feet, and with the largest available warehouse spanning 230,922 square feet, and an average cap rate of 7.86%, among the 11 available listings.
