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).