209-211 Ridge Rd - Auto Repair FOR SALE


North Arlington, NJ 07031
$1,775,000 USD
201-308-3494
209-211 Ridge Rd, North Arlington, NJ for Sale
$1,775,000 USD
Auto Repair - FOR SALE
1/8
null | Request Cap Rate

209-211 Ridge Rd
North Arlington, NJ 07031


HIGHLIGHTS

  • Hi-Visibility -- Absolute Center of Town
  • Corner Lot w/ 3 Curb Cuts
  • High Daily Traffic Counts: Ridge Road (37,321) / Belmont Avenue (1,132)
  • Neighboring Municipal Properties Include: Borough Hall / Public Library / High School / Senior Center / Health Department
  • Neighboring Retailers Include: Dunkin Donuts / Deli / Cafe
  • New Availability: ~700 SF of Retail/Office space FOR LEASE @ $25 NNN on Month-to-Month basis

OVERVIEW

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 can 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.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RRRA

APN/PARCEL ID

39-00035-0000-00011-02

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201-308-3494

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Sak PhotiadisGlickman Fuerst IncMore Info
201-308-3494

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