209-211 Ridge Rd
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209-211 Ridge Rd
5,058 SF 100% Leased Retail Building North Arlington, NJ 07031 $1,595,000 ($315/SF)
Investment Highlights
- Hi-Visibility -- Absolute Center of Town
- High Daily Traffic Counts: Ridge Road (37,321) / Belmont Avenue (1,132)
- Neighboring Retailers Include: Dunkin Donuts / Deli / Cafe
- Corner Lot w/ 3 Curb Cuts
- Neighboring Municipal Properties Include: Borough Hall / Public Library / High School / Senior Center / Health Department
Executive Summary
Located in the absolute center of town, 209-211 Ridge Road is a pedestrian friendly, stand alone corner property ideally suited for an owner-user, investor or a developer looking to reposition the property. The existing structure and be converted into a Single or Multi-tenanted retail units, Restaurant or Bar. Additionally, the site could also accommodate a high-density residential development. The existing block building measures approximately 5,000 SF positioned on a lot with 121.95’ of frontage on Ridge Road along with 88.45’ on Belmont Avenue. Former gas station operations, tanks, and pumps have been removed. Soil has been remediated and is now clean.
As the main artery connecting Route 3 to I 280, Ridge Road is home to a number of new construction residential developments along with a robust retail environment. This site is further enhanced with attractive zoning in a neighborhood with historically scarce inventory along with low vacancy rates.
As the main artery connecting Route 3 to I 280, Ridge Road is home to a number of new construction residential developments along with a robust retail environment. This site is further enhanced with attractive zoning in a neighborhood with historically scarce inventory along with low vacancy rates.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,058 SF
Building Class
C
Year Built
1970
Price
$1,595,000
Price Per SF
$315
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.25 AC
Zoning
RRRA
Parking
16 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39-00035-0000-00011-02 | Improvements Assessment | $631,800 |
| Land Assessment | $485,300 | Total Assessment | $1,117,100 |
PROPERTY TAXES
Parcel Number
39-00035-0000-00011-02
Land Assessment
$485,300
Improvements Assessment
$631,800
Total Assessment
$1,117,100
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Presented by
Glickman Fuerst Inc
209-211 Ridge Rd
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