523 Park Ave, Paterson City, NJ 07504

• 10 beds |
• 3 baths

Property Description

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 6:42AM

Listing Office:

REALTY EMPIRE, LLC : 973-510-2260

MLS ID:

4036074

Interior

• General: Smoke Detector
• Basement: Unfinished
• A/C: None
• Heating: 2 UnitsElectricGas-Natural

Exterior

• General: Aluminum SidingSidewalk
• Parking: Parking spaces: 0

Construction

• Roofing: Composition Shingle

Location

• County: Passaic

Lot

• Driveway: On-Street Parking
• Zoning: 2508-08605-0000-00010-0000-

Utilities

• Utilities: All UndergroundGas In Street
• Water: Public Water
• Sewer: Public Sewer