LQB Inc. - Commercial Real Estate Showcase

LQB Inc. Property Listings
LQB Inc.
No Address Provided
Walnut, CA 91788

184 Rivervale Road

River Vale, NJ 07675 - North Central Bergen Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1962
Building Size:14,900 SF Land Area:1.24 AC (54,014 SF)
For Sale Price:$5,250,000 Price/SF:$352.35
Cap Rate:6.10 %
Parking:54 Surface spaces are available; Ratio of 3.62/1,000 SF

Tenants pay for about half of the taxes

Sale Notes:
Excellent location at a major intersection in River Vale, New Jersey. Building entirely renovated, interior and exterior.

14,900 sq. ft. on 1.26 acres with 6 units. 56 parking spaces with asphalt surface. Additional 13,000 sq. ft. basement with 11 rental storage units.

Licensed, well established Child Care Center, 12 years in operation, in 7,500 sq. ft. and adjacent 6,500 sq. ft. playground. The Child Care Center pays for 1/2 of the building maintenance and taxes.

A new Thai Restaurant, with capital improvements in excess of $500,000, is moving into a 2,000 sq. ft. unit. They signed a 10 year lease with options.

Two retail shops currently leased to a Convenience Store (1,667 sq. ft.) and Hair Salon (1,000 sq. ft.). Both tenants just extended their lease for 10 & 7 years respectively.

Large local Catering Facility that leases 1,000 sq. ft. on the fist floor plus a storage room in the basement.

Mail box plus four storage rooms in the basement are on month to month leases.

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