75-79 Park Ave - Storefront Retail/Residential FOR SALE


Park Ridge, NJ 07656
$1,899,000 USD
201-657-6084
75-79 Park Ave, Park Ridge, NJ for Sale
$1,899,000 USD
Storefront Retail/Residential - FOR SALE
1/40
null | 4.59% Cap Rate

75-79 Park Ave
Park Ridge, NJ 07656


HIGHLIGHTS

  • Call Listing Agent for Confirmed Appointment, Text Listing Agent for Confirmed Appointment 201 657-6084 24-48hrs advance notice

OVERVIEW

Investor Bliss...A Golden opportunity awaits.. in this Massive Mixed use-turn key investment building. Ideally located in the high traffic center of burgeoning Park Ridge. Its Premier Coveted Corner location sits on the most desirable Eye-catching corner lot with enormous exposure & prominent visibility & foot traffic. Comprised of 5 units; 2 Residential 1 Bedroom apartments; 1-Two story retail store. 81 Park Ave; 1 Cafe/Eatery. 75 Park Ave: 2 commercial office spaces, currently combined & leased to Chiropractor,. This dream investment property is zoned NB; neighborhood business district, measuring 6850+-sq. ft. in total. It offers nearly a 5%+- percent cap rate & growing with rental income increasing. An opportunity exists to revert back to its original use of 6 smaller retail store fronts. As well as, building an additional residential unit atop. Ponder the possibilities; pure investment, Live in, occupy while generating income, site re-development, re-purpose your own business. Surrounded by attractive remarkable new Residential/Commercial developments. Wegman's grocery, Eateries, Restaurants, many conveniences in a beautiful setting. A Stellar location, adjacent to the Iconic Park Ridge train Station with direct service to NYC Penn Station-a Dream Commute! Don't Miss out!

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

4.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,116 SF

ZONING

NB

APN/PARCEL ID

47-01513-0000-00005

ASK ABOUT THIS PROPERTY

Angela CucinielloANGELA CUCINIELLOMore Info
201-657-6084

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Angela CucinielloANGELA CUCINIELLOMore Info
201-657-6084

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