53 E Ridgewood Ave - Freestanding FOR SALE


Ridgewood, NJ 07450
$3,000,000 USD
201-873-6882
53 E Ridgewood Ave, Ridgewood, NJ for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/25
null | Request Cap Rate

53 E Ridgewood Ave
Ridgewood, NJ 07450


HIGHLIGHTS

  • Heavy Foot Traffic
  • Retail Stores have basement for Storage
  • Heart of Downtown
  • Steps away from municipal parking
  • NJ Transit Train within steps

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$429 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

B-1

APN/PARCEL ID

51-03805-0000-00012

ASK ABOUT THIS PROPERTY

Judy KaoRealty InternationalMore Info
201-873-6882

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Judy KaoRealty InternationalMore Info
201-873-6882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.