FOR SALE | 108,000 SF | 4-STORY LOFT 468 Totowa Ave PATERSON, NEW JERSEY OPPORTUNITY ZONE URBAN ENTERPRISE ZONE Michael G. Walters, SIOR Richard Van Houten Cameron Silverstein 201 488 5800 x143 201 406 0600 201 488 5800 x115 && [email protected] [email protected] [email protected] FOLLOW US! | Member of NAI Global with 400 Offices Worldwide 195 North Street, Suite 100 • Teterboro, NJ 07608 | 201 488 5800 • 10 Lanidex Plaza W., Parsippany, NJ 07054 | 973 463 1011 • naihanson.com THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES CONSIDERED TO BE RELIABLE, BUT NO GUARANTEE OF ITS ACCURACY IS MADE BY NAI JAMES E. HANSON. 468 Totowa Ave BUILDING PATERSON, NEW JERSEY INFORMATION BUILDING ADVANTAGES The unique configuration of this building, offers maximum flexibility to create complimenting environments whose uses feed the purposes of the total complex. These can include a Live - Work - Entertain & Relax type environment in a self contained complex. The four story 80,000 square-foot loft building, combined with almost 30,000 square feet of additional first floor open space, provides a clean palette to produce a valuable real estate investment. 108,000 SF available (80,000 SF, 19,000 SF and 7,000 SF) 80,000 SF has 4 floors at 20,000 sf each - top floor clear span 19,000 SF single story with an oversized drive-in door - 14’ clear span 7,000 SF has exterior entrance at the lower level on the NE corner Loading: 5 tailgates serve the buildings with a common receiving area Single freight elevator adjacent to the receiving area serves the multi-story building Situated on 1.9 + acres. All buildings are fully sprinklered LOCATIONAL ADVANTAGES Adjacent to a new, fully funded $70 million mixed-use complex. Click here to read more about the Hinchliffe Stadium Project Adjacent to a newly acquired 8.4 acre hilltop, Vista Park, purchased and preserved by the State of New Jersey in perpetuity. The only access to this park is alongside 468 Totowa Avenue. Click here to learn more about the Vista Park plan The new pro-business Mayor is focused on significant initiatives to improve the City of Paterson. Click here to read more about Paterson Mayor’s plan for $130 million state tax credits Adjacent to the Great Falls National Historic Park. Visitors for 2018 exceeded 400,000, with expected FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR growth to 1 million visitors Economic Incentives: Opportunity Zone, Urban Enterprise Zone, NJ Growth & Redevelopment Zone Zoning Possibilities. Permitted uses include, but are not limited to Residential (allows living and working in the same space for artists), Self-Storage, Warehouse/Storage Incubator, Venue Space (Hosting events from weddings, business functions and studio use for photo shoots and filming) Convenient access to major highways, public transportation and NYC: • NYC: 17.2 miles to Lincoln Tunnel • Route 80: 0.9 miles (4 minutes) • NJ Transit Main Line Paterson Train Station: 1.1 miles (4-5 minutes) • NJ Transit Bus: Walking distance to multiple bus routes serving this location && - 2 - 468 Totowa Ave PROPERTY PATERSON, NEW JERSEY PH oto S Building Front Loading / Tailgates 1st Floor - Warehouse 3rd Floor - East Wing FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR Top Floor - West Top Floor - West Wing DECORATED && - 3 - 468 Totowa Ave BUILDING PATERSON, NEW JERSEY PL an S LOWER LEVEL FIRST FLOOR SECOND FLOOR THIRD FLOOR FOURTH FLOOR FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR && - 4 - 468 Totowa Ave PROPERTY PATERSON, NEW JERSEY SU RVEY FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR && - 5 - 468 Totowa Ave DEMOGRAPHICS PATERSON, NEW JERSEY 1-3-5 MILE raDIUS Regional Map 1 Mile 3 Miles 5 Miles POPULATION 1 MILE 3 MILES 5 MILES Total population 59,125 247,937 499,271 Population (5 Yr. Forecast) 61,369 257,493 518,227 HOUSEHOLDS 1 MILE 3 MILES 5 MILES Families (current) 17,759 80,004 166,903 Median Age of Householder 48 52 52 Housing Units 19,366 85,340 175,809 FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES Average household income $55,463 $86,482 $109,213 Family high income average $192,391 $269,402 $285,029 CONSUMER EXPENDITURES 1 MILE 3 MILES 5 MILES Total Consumer Expenditures $880,301,000 $4,796,044,000 $11,199,197,000 && - 6 - 468 Totowa Ave LOCATION PATERSON, NEW JERSEY maP 468 TOTOWA AVE 17.2 Mi. | 25 Mins. PATERSON, NJ To NYC via Lincoln Tunnel intERStatE HINCHLIFFE 0.9 Mi. | 4 Mins. STADIUM VALLEY OF 80 To I-80 Interstate Highway THE ROCKS PATERSON GREAT FALLS NATIONAL HISTORICAL PARK FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR INTERSTATE 80 PATERSON, NJ && - 7 - 468 Totowa Ave SURROUNDING PATERSON, NEW JERSEY DEVELOPMEnt 468 TOTOWA AVE VISTA PARK SITE PATERSON, NJ CLICK TO LEARN MORE HINCHLIFFE STADIUM • $70 MILLION MIXED USE COMPLEX FULLY FUNDED MIXED USED COMPLEX INCLUDES • INCLUDES RENOVATION OF • RESTAURANT/RETAIL THE 7,800 SEAT STADIUM • GALLERY SPACE FOR THE • INCLUDES MIXED USE HISTORY OF THE NEGRO LEAGUE COMPLEX AS SHOWN • 300 SPACE PARKING STRUCTURE HERE • 80 APARTMENTS ABOVE FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR && - 8 - 468 Totowa Ave VISTA PARK PATERSON, NEW JERSEY CONCP E T 3 468 TOTOWA AVE PATERSON, NJ FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR && - 9 - 468 Totowa Ave LAND USE PATERSON, NEW JERSEY DIStrictS 468 Totowa Ave PATERSON, NEW JERSEY FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR && - 10 - 468 Totowa Ave ZONING PATERSON, NEW JERSEY DISTRICT STANDARDS information AR ADAPTIVE REUSE DISTRICT Parking AR Adaptive Reuse District Bulk Standards Intent • The following off-street parking shall be Minimum Lot Area None required. Minimum Lot Width None The Adaptive Re-Use District is intended to provide Д Retail stores and personal service Minimum Front Yard1 Existing building for the re-use of existing historic buildings by businesses: One (1) space per one- footprint shall be adapting them to house residential units and thousand (1,000) square feet. maintained compatible commercial uses. The intent of this Д Business and professional offices: One Minimum Side Yard1 Existing building district is to maintain the existing buildings to the (1) space per one-thousand (1,000) footprint shall be greatest extent feasible, while allowing them to be square feet. maintained utilized to meet community needs. Д Financial institutions: One (1) space 1 per one-thousand (1,000) square feet. Minimum Rear Yard Existing building Principal Permitted Uses Д Restaurants: One (1) space per eight footprint shall be (8) seats. maintained • Multi-family residences. Д Residences: One (1) space per Maximum Building New construction may • Retail stores and shops. residential unit. Height2 extend a maximum • Personal service businesses. Д Hotels: One (1) space per guest room. of two (2) stories or • Financial Institutions. • Off-street parking may be provided off-site on twenty-five (25) feet • Business or professional offices. another parcel that is located no greater than above the existing • Hotels. three-hundred (300) feet from the property. building roofline. • Restaurants (excluding drive-in or drive-thru Maximum Building Existing building restaurants). Coverage footprint • Public Facilities. Area, Yard, and Building Requirements • Mixed Use Development of any combination Maximum Impervious None of the principal permitted uses. See AR Adaptive Use District’s Bulk Standards Chart Surface Coverage FOR SALE | 108,000 SF | 4-STORY LOFT | 4-STORY SF | 108,000 SALE FOR 1. New Construction or additions to the existing buildings may extend beyond the existing Accessory Uses building footprint by no more than four (4) feet. • Off-street parking 2. New construction above the existing roofline • Any uses customarily incidental and accessory must be set back a minimum of ten (10) feet to the principal permitted uses(s) of the from the existing roofline on all sides. property && - 11 - 38 HEYER, GRUEL & ASSOCIATES 468 Totowa Ave ZONING PATERSON, NEW JERSEY maP 1ST AVE Hawthorne Borough 2ND AVE Bunker Hil MU E. 19TH ST Zoning Map Prospect Park Phase IV Borough I-2 R/C-3 I-2 E. 24TH ST Bunker Hill R-3 E. 17TH ST Wayne Township 4TH AVE Haledon Borough Phase I, II, III E. 11TH ST City of Paterson, NJ 5TH AVE ERIE ST B-1 I-1 E. 16TH ST HALEDON AVE Fair Lawn Borough CARBON ST 6 TH AVE SHADY ST 6TH AVE E. 5TH ST 468 Totowa Ave WAIT ST BUTLER ST R-3 E. 7TH ST PATERSON, NEW JERSEY E MAIN ST 7TH AVE R-4 R-2 RIVER ST R-2 R-2 HOPPER ST PUID I-1 BURHANS AVE N 7 TH ST N. BRIDGE ST E. 23RD ST R-2 E 18TH ST R-1 B-1 TEMPLE ST PUTNAM ST N. 6TH ST MU B-2 R-1 R-4 N. 4TH ST N. 1ST ST KEEN ST R-2 9TH AVE B-2 CLIFF ST FRANKLIN ST W BROADWAY LAFAYETTE ST HOLSMAN ST REDWOOD AVE MARION ST 1st Ward OXFORD ST BRIDGE ST River LAWRENCE ST 10TH AVE GRANITE AVE R-1 MU Corridor E. 26TH ST E. 28TH ST SHERMAN AVE E 16 TH ST LINWOOD AVE R-2 MATLOCK ST MU ROSA PARKS BLVD MADISON AVE B-1 FULTONST B-3 4th Ward 11TH AVE WAYNE AVEB-2 R-3 R-4 HAMILTON AVE 12TH AVE E.