Discover a one-of-a-kind turnkey mixed-use investment with a phenomenal location at the heart of Park Ridge, New Jersey. Located at 75-81 Park Avenue, this exceptional retail and residential asset offers performing investment with a ±5% cap rate with significant growth potential. This rare offer provides optionality for use as a pure investment, a live-in business, an owner/user space with existing income, or a redevelopment or adaptive reuse project.
75-81 Park Avenue comprises a total of 6,850 square feet across three stories, currently demised into two (2) one-bedroom apartments, a two-story retail store, a retail café, and two (2) commercial office spaces, currently combined and leased to a chiropractor. The building has been expertly maintained, and boasts modern interiors with recessed lighting, high ceilings, plank flooring, exposed brick, and more. A new owner also has the value-add upside to revert units back to six smaller retail storefronts or build an additional residential unit atop the property to generate elevated revenue.
75-81 Park Avenue’s premier corner location sits on the most desirable, eye-catching lot in downtown Park Ridge, with robust foot traffic and prominent visibility to over 11,000 daily vehicles delivering unmatched brand exposure to businesses. The building is surrounded by new residential and commercial developments, reinforcing the area’s desirability and growth potential. The staller location is adjacent to the iconic Park Ridge train station, providing direct service to New York City’s Penn Station. This beautiful, peaceful setting is juxtaposed by fantastic access to shopping and dining amenities, including a Wegman’s grocery, top-rated local restaurants, and numerous household name retail locations.
Empower a growing investment portfolio with a highly versatile mixed-use residential and retail space offering exceptional growth potential at 75-81 Park Avenue.