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104 Ridgedale Ave Cedar Knolls, NJ 07927

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For Sale
Pending
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Income-producing 4-unit commercial property with residential and commercial tenants.

Lot size:
0.28 Acres

Property Features for 104 Ridgedale Ave

General Information

Property type
Multi Family
Standard status
Pending
Lot size
0.28 Acres

Building Details

Year built
9999

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Listing Contact
Erica Travis
Source: Elliman

Listing Agent: Erica Travis

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

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Overview

Four-Unit Commercial Property For Sale

This four-unit commercial property is located in Cedar Knolls, NJ. The property is designed for investors seeking reliable returns. It features a lot size of 12,066 square feet. The structure houses a mix of residential and commercial tenants, ensuring a steady revenue stream, currently collecting just over $9,600 monthly and over $115,000 annually. On the second floor, a long-term tenant occupies a spacious 2-bedroom apartment for $1800 per month, complemented by another 2-bedroom apartment recently renovated in 2023 at $2300 a month. This building has a large 15+ car parking lot, a newer roof, central air conditioning, and separate utilities. The landlord pays a portion of heat and electric costs for the common areas. The ground floor boosts this property's commercial appeal with a rented hair salon ($1800 per month) and a dentist office ($3750 per month), each secured with a 5-year lease. This unique blend of residential and commercial space, along with its modern amenities, presents an investment in a strategic location.
Location Intelligence

Current Use by Public Records

Cedar Knolls Dental ... Dental Office Cedar Knolls Chiropractor Alternative Medicine Practice Dr. Jon Molinare Dental Office Hedden Paula Dental Office

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Cedar Knolls
County
Morris
State
New Jersey
Longitude
-74.4499946
Latitude
40.8209506

FAQs

What type of property is this?
Quadplex - Income-producing 4-unit commercial property with residential and commercial tenants.
Where is this quadplex located?
The property is located at 104 Ridgedale Ave Cedar Knolls, NJ.
What are key features of this property?
This property features: - High income-producing potential with over $115,000 annual revenue.; - Diversified and stable revenue stream from a mix of residential and commercial tenants.; - Two recently renovated (2023) 2-bedroom apartments.
More about this property
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