Retail Space Near Train
For Sale
$145,000
85 Park, Park Ridge, NJ 07656
Retail space with high foot traffic near Park Ridge train.
Property SizeContact for details
Days on Market542
Property Features for 85 Park
General Information
Standard status
Active
Listing Agency:
COLDWELL BANKER, WAYNE
Listed By:
VASKO JANESKI
Source:
Corcoran
Added: Apr 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER, WAYNE
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 34%
Groceries 13%
Office Supplies 11%
Dollar Tree
Shops & Services
23,903 visits/mo
0.1 miles
Lidl
Groceries
19,006 visits/mo
0.4 miles
Taco Bell
Dining
15,861 visits/mo
0.5 miles
Staples
Office Supplies
15,653 visits/mo
0.3 miles
Burger King
Dining
12,832 visits/mo
0.2 miles
Demographics for 07656, NJ
8,883
Population
3,410
Households
2.6
Avg Household Size
47
Median Age
57%
College-Educated
96%
High-School Grad
2.6 sq mi
ZIP Area
3,417
Density / Sq Mi
$165,391
Median Household Income
$67,935
Median Earnings
$1,995
Median Rent
$666,200
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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 Park Ridge, NJ.
What is the asking price?
The asking price for this property is $145,000.
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
