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Property profile & analytics
FOR SALE
Commercial real estate

88 Godwin Ave Ridgewood, NJ 07450

0.37 ac lot Built 1961
Entity Owned 23-yr Hold Absentee Owner Free & Clear
Property ID
US59-0171168
88 Godwin Ave, Ridgewood, NJ 07450 For Sale
$200,000
88 Godwin Ave, Ridgewood, NJ 07450
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Property summary
AI-generated overview

This exceptional business opportunity presents a fully equipped Korean/Japanese restaurant located at 88 Godwin Avenue in the vibrant town of Ridgewood, New Jersey. Priced at $250,000, this turnkey operation offers immediate potential for a new owner. The sale includes all fixtures and equipment, eliminating the significant start-up costs associated with opening a new restaurant. The restaurant's existing setup allows for a seamless transition, minimizing disruption and maximizing profitability from day one. The property's location is a key asset, situated in a high-traffic area with excellent visibility and accessibility. This presents a unique chance to acquire a well-established business in a desirable location, ready to generate income immediately. The sale price includes all existing equipment and fixtures, making this a truly turnkey operation. Serious inquiries are encouraged to schedule a private viewing and explore this lucrative investment opportunity. Don't miss this chance to own a thriving restaurant in a prime Ridgewood location. The property is offered as a business opportunity and does not include land ownership.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1961
Lot 0.37 ac (16,291 SF)
Zoning code B2
APN 51 02205-0000-00009- 01
UPID US59-0171168
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hama Korean Cuisine Restaurant
  • F&V LLC - Carpet Restoration And Rug Cleaning Carpet Cleaning Service
  • Santoni's Pizzeria and Restaurant Take-out & Catering Catering Service
  • LLC Smoke Cleaners Social Service Agency
  • Pressed Fashion & Fabric Care (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
88 GODWIN ASSOC LLC
88 GODWIN ASSOC LLC
Zoning & alternative use
B2 · Ridgewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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