53 E Ridgewood Ave, Ridgewood, NJ 07450
53 E Ridgewood Ave, Ridgewood, NJ 07450Basic Details
- Date added: Added 2 months ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
7,000 SF 100% Leased Retail Building Ridgewood, NJ 07450 $3,000,000 ($428.57/SF)
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).
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Property Details
- Frontage: 39’ on Ridgewood Ave
- Area: 7,000 sq ft
- Year built: 1905
- Sale Type: Investment or Owner User
- Building Size: 7,000 SF
- Building Class: C
- Property Subtype: Freestanding
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 2 Stories
- Building Far: 1.00
- Zoning: B-1 - Retail and Office
Highlights
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- Heavy Foot Traffic
- Heart of Downtown
- NJ Transit Train within steps
- Retail Stores have basement for Storage
- Steps away from municipal parking
Property Taxes
- Parcel Number: 51-03805-0000-00012
- Land Assessment: $382,500 (2025)
- Improvements Assessment: $960,900 (2025)
- Total Assessment: $1,343,400 (2025)
Agent
Judy Kao
Realty International
Location
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