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85 Park Ave Park Ridge, NJ 07656

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For Sale
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Retail space with high foot traffic near Park Ridge train.

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Listing Contact
Vasko Janeski
Source: Corcoran

Listing Agent: Vasko Janeski

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Retail Space Near Train Station

This retail space is located across from the Park Ridge train station, benefiting from substantial on-site and foot traffic. The property is suitable for various business ventures, including a pizzeria, capitalizing on the steady flow of commuters and local businesses. The existing lease has 3 years remaining, with a monthly rent of $1979. The landlord is open to negotiating a new 5-year lease. All equipment is owned and included in the sale, and the property is sold in As-Is condition. The Gross Operating Income (GOI) is $600,000 per year, with a Net Operating Income (NOI) of $123,000 per year.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Park Pizza Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Park Ridge
County
Bergen
State
New Jersey
Longitude
-74.035146
Latitude
41.032816

FAQs

What type of property is this?
Retail space - Retail space with high foot traffic near Park Ridge train.
Where is this retail space located?
The property is located at 85 Park Ave Park Ridge, NJ.
What are key features of this property?
This property features: - High Net Operating Income (NOI) of $123k/Year; - Gross Operating Income (GOI) $600k/Y; - Prime location across from Park Ridge train station with high foot traffic
More about this property
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