236-238 Main St, Ridgefield Park, Ridgefield Park, NJ 07660
236-238 Main St, Ridgefield Park, Ridgefield Park, NJ 07660Basic Details
- Date added: Added 3 days ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
-
Description:
5,796 SF Retail Building Ridgefield Park, NJ 07660 $1,500,000 ($258.80/SF) 4.06% Cap Rate
Presenting a premier mixed-use opportunity at 236-238 Main Street in Ridgefield Park, Bergen County. This well-maintained property offers a balanced mix of income potential with three commercial storefronts and two residential units. The commercial spaces are designed for visibility, featuring expansive display windows that capture consistent foot and vehicle traffic. This strategic location benefits from its proximity to New York City, attracting consistent commuter demand and strong tenant activity.
The residential component of the property includes one 2-bedroom unit and one 1-bedroom unit, both of which are currently fully occupied and contributing to stable rental income. The commercial spaces are also occupied, with an established, fully operational restaurant contributing to the property's steady income stream. This configuration provides a robust foundation for investors seeking reliable returns.
Built in 1900 with significant updates, this three-story building spans 5,796 square feet of leasable area. The property is zoned C1H and offers five parking spaces, equating to 0.86 spaces per 1,000 square feet of leased space. The frontage on Main Street measures 26 feet, further enhancing its commercial appeal and accessibility. The property's classification as a C building suggests its suitability for various commercial endeavors.
This property is categorized as an investment or owner-user opportunity, with a current cap rate of 4.06%. Its location in one of Northern New Jersey's desirable markets makes it an attractive prospect for investors, owner-users, and those considering a 1031 exchange. The combination of stable income from existing tenants, long-term upside potential, and a prime location positions this property for continued success.
Property Details
- Parking: 5 Spaces (0.86 Spaces per 1,000 SF Leased)
- Frontage: 26’ on Main St
- Area: 5,796 sq ft
- Year built: 1900/2025
- Sale Type: Investment or Owner User
- Cap Rate: 4.06%
- Building Size: 5,796 SF
- Building Class: C
- Property Subtype: Storefront Retail/Residential
- Tenancy: Single
- Building Height: 3 Stories
- Building Far: 0.95
- Zoning: C1H
Highlights
-
- Premier Mixed-use opportunity in Ridgefield Park, located in Bergen County
- The residential component consists of one 2-bedroom unit and one 1-bedroom unit, both fully occupied and generating stable rental income
- This well-maintained property features 3 Commercial storefronts and 2 Residential units, offering a balanced mix of income potential.
- The commercial spaces benefit from exceptional visibility, expansive display windows, and consistent foot and vehicle traffic.
Property Taxes
- Parcel Number: 50-00060-0000-00011
- Land Assessment: $270,000
- Improvements Assessment: $458,200
- Total Assessment: $728,200
Agent
Ana Cruz
Prominent Properties Commercial
Location
Need More Information About This Property?
Fill out the quick form, and we’ll connect you with a local expert who specializes in your area and property type.
-
Local Market Expertise
-
Personalized Guidance
-
Fast & Friendly Response