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53 E Ridgewood Ave
Ridgewood, NJ 07450
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Heart of Downtown
- NJ Transit Train within steps
- Retail Stores have basement for Storage
- Steps away from municipal parking
EXECUTIVE SUMMARY
Prime Commercial Property for Sale in Ridgewood, NJ
Opportunity Knocks! This is your chance to acquire a fully occupied 7,000 sqft commercial building in the vibrant heart of Ridgewood, New Jersey. Situated just half a block from the NJ Transit Train station, this property offers unmatched accessibility for both customers and tenants.
Location Highlights:
• Thriving Neighborhood: The building is surrounded by a diverse mix of retail, restaurants, and cafés, ensuring a steady flow of foot traffic.
• Convenient Parking: Located directly across the street from two municipal parking lots, providing ample parking options for visitors.
Investment Potential:
• Leasing Opportunities: All but three leases are currently expired, presenting a unique chance to reposition the property. Once renewed at market rates, the potential Cap Rate could reach an impressive ROI (Return On Investment).
Opportunity Knocks! This is your chance to acquire a fully occupied 7,000 sqft commercial building in the vibrant heart of Ridgewood, New Jersey. Situated just half a block from the NJ Transit Train station, this property offers unmatched accessibility for both customers and tenants.
Location Highlights:
• Thriving Neighborhood: The building is surrounded by a diverse mix of retail, restaurants, and cafés, ensuring a steady flow of foot traffic.
• Convenient Parking: Located directly across the street from two municipal parking lots, providing ample parking options for visitors.
Investment Potential:
• Leasing Opportunities: All but three leases are currently expired, presenting a unique chance to reposition the property. Once renewed at market rates, the potential Cap Rate could reach an impressive ROI (Return On Investment).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
1905
Price
$4,407,392 CAD
Price Per SF
$629.63 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.16 AC
Zoning
B-1 - Retail and Office
Frontage
39’ on Ridgewood Ave
AMENITIES
- Bus Line
- Commuter Rail
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 51-03805-0000-00012 | Improvements Assessment | $1,330,760 CAD |
| Land Assessment | $529,728 CAD | Total Assessment | $1,860,488 CAD |
PROPERTY TAXES
Parcel Number
51-03805-0000-00012
Land Assessment
$529,728 CAD
Improvements Assessment
$1,330,760 CAD
Total Assessment
$1,860,488 CAD
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