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    53-55 Ridgewood Ave Ridgewood, NJ 07450

    For Sale
    $3,500,000

    Exceptional Ridgewood retail opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 53-55 E Ridgewood Avenue in the vibrant town of Ridgewood, New Jersey, presents a unique investment opportunity. Priced at $3,500,000, this property offers significant potential for a variety of commercial uses. The building's precise square footage is currently unavailable, however, its prominent location on East Ridgewood Avenue ensures high visibility and accessibility for customers. The property sits on a lot with no acreage listed. The property type is classified as "Other," suggesting flexibility in its potential use and redevelopment possibilities. Given its prime location in Ridgewood, a thriving community known for its strong local economy and affluent demographic, this property is ideally suited for businesses seeking a high-traffic location with excellent visibility. The address itself is highly desirable, offering easy access to major transportation routes and a wealth of amenities. Further due diligence is recommended to fully assess the property's potential and suitability for specific business plans. Interested parties are encouraged to conduct thorough inspections and research to determine the property's precise specifications and to explore the full range of development opportunities available. This is a rare chance to acquire a significant commercial property in a highly sought-after location.

    Property Features for 53-55 Ridgewood Ave

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.11861
    Latitude
    40.97979

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    FAQs

    What type of property is this?
    Commercial real estate - Exceptional Ridgewood retail opportunity.
    Where is this commercial real estate located?
    The property is located at 53-55 Ridgewood Ave Ridgewood, NJ.
    What is the asking price?
    The asking price for this property is $3,500,000.
    (201) 585-8088
    Request Owner's contact information
    53-55 Ridgewood Ave Ridgewood, NJ 07450
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    Ridgewood, NJ 07450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53-55 Ridgewood Ave Ridgewood, NJ 07450
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