9 Spruce St
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9 Spruce St
230,000 SF 100% Leased Industrial Building Paterson, NJ 07501 For Sale
Investment Highlights
- 230,000+ SF of Commercial Space
- Zoning allows for numerous Commercial Uses Event Hall, Expos, Weddings, Corporate Events, Individual Professional Suites, Film Studios, Mus
- 4+/- acre site
Executive Summary
AUCTION
By Order of the US Bankruptcy Court
Great Falls Industrial Park
230,000+/- sf of Commercial Space on 4+/- Acres
Paterson, Passaic County, NJ
January 30, 2025
Great Falls Industrial Park – Multiple Mill-Style Buildings, 230,000+/-SF of Commercial, Industrial, Warehouse, and Film Studio Space with Potential Residential Conversion.
- The Great Falls Historic District allows for Numerous Commercial Uses Event Hall, Expos, Weddings, Corporate Events, Individual Professional Suites, Film Studios, Music Studios, Light Industrial, Contractors Warehouse.
- Historic Significance: The property, known as The Art Factory, is a historic complex dating back to the mid-1840s. Originally built for the American Hemp Co., it features high ceilings, large antique windows, and original brick walls. Movie scene filming location for the “The Irishman” and “West Side Story”
- Creative Hub: The complex is home to a vibrant community of artists, filmmakers, photographers, and other creative professionals. It offers a variety of studio spaces, workshops, and event venues.
Prime Location: Located adjacent to the Great Falls National Historic Park and just off Interstate 80, the site provides easy access to Newark Liberty International Airport and the George Washington Bridge.
- Located within Operating and Garden State Grow Zones and qualifies for Aspire tax credits, New Markets Tax Credit, and potentially historic tax credits.
PROPERTY PREVIEWS: By Appointment Only
Bidding Opens Tuesday, January 28, 2025 at 9AM
Online Auction concludes Thursday, January 30, 2025 at 11AM
Visit our website to download the Property Information Package
By Order of the US Bankruptcy Court
Great Falls Industrial Park
230,000+/- sf of Commercial Space on 4+/- Acres
Paterson, Passaic County, NJ
January 30, 2025
Great Falls Industrial Park – Multiple Mill-Style Buildings, 230,000+/-SF of Commercial, Industrial, Warehouse, and Film Studio Space with Potential Residential Conversion.
- The Great Falls Historic District allows for Numerous Commercial Uses Event Hall, Expos, Weddings, Corporate Events, Individual Professional Suites, Film Studios, Music Studios, Light Industrial, Contractors Warehouse.
- Historic Significance: The property, known as The Art Factory, is a historic complex dating back to the mid-1840s. Originally built for the American Hemp Co., it features high ceilings, large antique windows, and original brick walls. Movie scene filming location for the “The Irishman” and “West Side Story”
- Creative Hub: The complex is home to a vibrant community of artists, filmmakers, photographers, and other creative professionals. It offers a variety of studio spaces, workshops, and event venues.
Prime Location: Located adjacent to the Great Falls National Historic Park and just off Interstate 80, the site provides easy access to Newark Liberty International Airport and the George Washington Bridge.
- Located within Operating and Garden State Grow Zones and qualifies for Aspire tax credits, New Markets Tax Credit, and potentially historic tax credits.
PROPERTY PREVIEWS: By Appointment Only
Bidding Opens Tuesday, January 28, 2025 at 9AM
Online Auction concludes Thursday, January 30, 2025 at 11AM
Visit our website to download the Property Information Package
Property Facts
Sale Type | Investment or Owner User | Rentable Building Area | 230,000 SF |
Property Type | Industrial | No. Stories | 4 |
Property Subtype | Manufacturing | Year Built | 1880 |
Building Class | C | Clear Ceiling Height | 20 FT |
Lot Size | 4.00 AC |
Sale Type | Investment or Owner User |
Property Type | Industrial |
Property Subtype | Manufacturing |
Building Class | C |
Lot Size | 4.00 AC |
Rentable Building Area | 230,000 SF |
No. Stories | 4 |
Year Built | 1880 |
Clear Ceiling Height | 20 FT |
Amenities
- Courtyard
- Front Loading
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | 08-04802-0000-00022 | Improvements Assessment | $1,743,300 |
Land Assessment | $2,665,900 | Total Assessment | $4,409,200 |
PROPERTY TAXES
Parcel Number
08-04802-0000-00022
Land Assessment
$2,665,900
Improvements Assessment
$1,743,300
Total Assessment
$4,409,200
zoning
Zoning Code | GFHD (Great Falls Historical District) |
GFHD (Great Falls Historical District) |
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