An exceptional opportunity is presented at 334 Broad Avenue in Ridgefield, New Jersey. This fully renovated two-family residential property is situated on an approximately 6,000 square foot lot, offering both immediate usability and significant future development potential. The property is located along the highly visible Broad Avenue, providing strong street exposure and convenient access to surrounding Bergen County communities.
The residence features two distinct two-bedroom units, each designed with comfortable living spaces and updated interiors. This configuration makes the property a versatile choice for an owner-occupant seeking to generate rental income to offset expenses, or for an investor looking to acquire a well-positioned income-producing asset. The property's location on Broad Avenue ensures strong daily traffic and accessibility.
Adding substantial value is the property's redevelopment potential. The site has already secured permits for the rebuilding or new construction of a retail building. This presents a unique opportunity for investors, developers, or business owners aiming to capitalize on the prominent Broad Avenue location. The combination of visibility, traffic, and accessibility enhances its appeal for commercial ventures.
This property offers a rare blend of location, flexibility, and investment potential. Whether it is utilized as a renovated two-family residence with rental income opportunities or pursued as a future commercial development project, 334 Broad Avenue provides a compelling proposition. The property includes a garage, and the total finished square footage is 1,907. The annual property taxes are approximately $10,565.
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