53 E Ridgewood Ave
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53 E Ridgewood Ave
7,000 SF 100% Leased Retail Building Ridgewood, NJ 07450 $3,500,000 ($500/SF)
Investment Highlights
- Heavy Foot Traffic
- Heart of Downtown
- NJ Transit Train within steps
- Retail Stores have basement for Storage
- Steps away from municipal parking
Executive Summary
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).
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).
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
1905
Price
$3,500,000
Price Per SF
$500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.01
Land Acres
0.08 AC
Zoning
B-1 - Retail and Office
Amenities
- Bus Line
- Commuter Rail
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Victor Clothing
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Victor Clothing | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
Walk Score ®
Walker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 51-03805-0000-00012 | Improvements Assessment | $960,900 |
| Land Assessment | $382,500 | Total Assessment | $1,343,400 |
PROPERTY TAXES
Parcel Number
51-03805-0000-00012
Land Assessment
$382,500
Improvements Assessment
$960,900
Total Assessment
$1,343,400
-
Judy Kao -
Realty International
(201) 585-8088
x7001
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53 E Ridgewood Ave
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