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    2 Forest Ave Oradell, NJ 07649

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    For Sale
    $4,500,000

    Freestanding building on 1.07 acres, close to transportation.

    Source: Terrie O'Connor Realtors-Wyckoff

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

    Overview

    Renovated Freestanding Building Near Transportation

    This freestanding building, constructed in 1989, is available for sale or lease. Situated on a 1.07-acre lot at a signaled traffic light on Forest and Ridgewood Avenue, the location offers convenient access to New York City transportation via train or bus. It is also near major highways. The property benefits from a car count of 20,844 per day. It is in close proximity to the new Valley Hospital, part of the Valley Health System, which is coming in April 2024, located 1.5 miles away on Winters Avenue in Paramus. The Oradell train station is a 3-minute drive away, as are the Garden State Parkway, Route 17, Route 4, and Kinderkamack Road. Currently used by a financial firm and a law firm, the renovated building is suitable for an owner-user. The interior was recently renovated by an award-winning interior designer and features multiple private offices, conference rooms, open bull-pen areas, a golf simulator, a gym with a full bath, and a kitchen. Subject to municipal approvals, the location could also be suitable for various uses, such as a doctors medical center or surgery center.
    Insight Report Location Intelligence

    Current Use by Public Records

    Giblin & Gannaio Attorney Garrahan Shannon Attorney G & C Financial ... Financial Planner PJ'S Cleanouts - Junk ... Garbage Collection Service Prime Private Equity Private Equity Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oradell
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0509096
    Latitude
    40.9549842

    Nearby Similar for Sale

    • $449,000

      Oradell Specialty Property For Sale

      Specialty property available for purchase in Oradell, New Jersey.
      590 Center St, Oradell, NJ 07649
      View Details

    FAQs

    What type of property is this?
    Office building - Freestanding building on 1.07 acres, close to transportation.
    Where is this office building located?
    The property is located at 2 Forest Ave Oradell, NJ.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Recently renovated with impeccable finishes by an elite, award-winning interior design firm.; - Prime location at a signaled traffic light on Forest and Ridgewood Avenue with high car count.; - Close proximity to NYC transportation and major highways.
    (201) 923-6095
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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
    2 Forest Ave Oradell, NJ 07649
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