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$ 1,899,000
Est. payment | /mo
5 Baths
$ 1,899,000
Est. payment | /mo
5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250004223
Full Baths 5
Annual Tax Amount $21,000
Lot Dimensions 8000 sq. ft.
Property Sub-Type Investment
Property Description
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 6 units; 2 Residential 1 Bedroom apartments; 1-Two story retail store. 81 Park Ave; 1 Cafe/Eatery. 75-79 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!
Location
State NJ
County Bergen
Area Park Ridge
Listed by COLDWELL BANKER REALTY
"Elevating Real Estate Dreams with Heart and Expertise."
111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States