2-4 Garber Sq - Restaurant FOR SALE


Ridgewood, NJ 07450
$3,499,000 USD
908-868-2178
2-4 Garber Sq, Ridgewood, NJ for Sale
$3,499,000 USD
Restaurant - FOR SALE
1/31
null | 6.46% Cap Rate

2-4 Garber Sq
Ridgewood, NJ 07450


HIGHLIGHTS

  • 2-4 Garber Sq is a fully occupied retail/ mixed-use building with two franchise tenants, a cocktail bar opening soon, and a real estate brokerage.
  • Directly across from the Ridgewood Train Station off the signalized intersection of Garber Square and W Ridgewood Avenue.
  • Presented for investor acquisition with a solid 6.5% cap rate on this landmark building.
  • There are three storefronts, the swanky cocktail bar (opening soon), a charming exterior courtyard, and a new roof from 2024.

OVERVIEW

2-4 Garber Square is a prominently situated mixed-use property in Ridgewood, New Jersey. The building spans 9,000 square feet across two upper floors and a basement. With a retail tenant already on the first floor, approved plans feature an additional restaurant/bar tenant on the first floor and converting the second floor into six guest rooms for overnight stays. The sale comes with the property's liquor license, only one of eight within Ridgewood. Property features include a beautifully landscaped courtyard and indoor and outdoor seating for 80 seats, potentially expanding up to 130 seats. Currently, without on-site parking, a parking variance has also been granted. 2-4 Garber Square is located at the corner of Garber Square and West Ridgewood Avenue, with exceptional visibility. Enjoy convenient access to mass transit as the property sits directly adjacent to the Ridgewood train station. Van Neste Square Memorial Park and numerous restaurants, shops, and service businesses are also within walking distance. Surrounded by strong demographics, over 518,000 residents live within a mile of the property, responsible for $6.9 billion in total consumer spending per year. Ridgewood offers a close-knit atmosphere and a strong sense of community pride for visitors and residents alike.

FOR SALE DETAILS

PRICE

$3,499,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,661 SF

ZONING

B1

APN/PARCEL ID

51-03801-0000-00003

ASK ABOUT THIS PROPERTY

Jonathan SteingraberSignature Realty NJ LLCMore Info
908-868-2178

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Jonathan SteingraberSignature Realty NJ LLCMore Info
908-868-2178

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.