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Former Bank Building For Lease
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426 Ridgedale Ave, East Hanover, NJ 07936

Prime commercial space in a high-traffic location.

Space SizeContact for details
Property Size4,640 SF
Lot Size2.09 Acres
Days on Market154

Property Features for 426 Ridgedale Ave

General Information

Standard status Active
Size 4,640 SF
Lot size 2.09 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $79,320

Building Details

Building Size 4,640 SF
Year Built 1988
Stories 1
Units 1
Listing Agency: CENTURY 21 VENTURE REAL ESTATE
Listed By: ALFRED T. PAPASSO
Source: Elliman
Added: Mar 10 Changed: Aug 8 Last Checked: Aug 8 at 12:41PM

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 CENTURY 21 VENTURE REAL ESTATE

Investment Insights

Based on property information with market context.

This former bank building, available for lease, offers 4,640 square feet of commercial space, including 2,320 square feet on the main floor and a full 2,320 square foot basement. Situated on a high-traffic road with excellent exposure and easy access, the property is suitable for a variety of businesses. The main floor features an open layout with large windows, providing natural light and opportunities for custom tenant improvements. The building retains original features, including a secure vault and teller stations, which can be repurposed or removed. The open floor plan allows for flexible use, including retail or service-based businesses. The full basement provides additional space for storage, a kitchen area, and two restrooms. Located in a busy commercial corridor, the property benefits from pedestrian and vehicular traffic. Ample parking is available in front and nearby. The building was built in 1988 and sits on a 2.09-acre lot with 91,040.4 square feet. The property features central air cooling. The annual tax amount is 79320 USD. The property is located in East Hanover Twp., NJ. The property is car-dependent with a walk score of 29 and is somewhat bikeable with a bike score of 21.

Key Highlights

  • Prime commercial location on a high‑traffic, highly visible road.
  • 4,640 total square feet, including a 2,320 square foot main floor and a full 2,320 square foot basement.
  • Spacious, open layout on the main floor with large windows and natural light.

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 33%
Dunkin' Donuts Dining
4,605 visits/mo 0.3 miles
7-Eleven Shops & Services
4,098 visits/mo 0.3 miles
Chase Bank Shops & Services
3,448 visits/mo 0.5 miles
Minuteman Press Shops & Services
1,815 visits/mo 0.4 miles

Demographics for 07936, NJ

11,105
Population
4,162
Households
2.7
Avg Household Size
48
Median Age
55%
College-Educated
95%
High-School Grad
7.9 sq mi
ZIP Area
1,406
Density / Sq Mi
$144,792
Median Household Income
$73,048
Median Earnings
$2,745
Median Rent
$668,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Prime commercial space in a high-traffic location.
Where is this bank located?
The property is located at 426 Ridgedale Ave East Hanover, NJ.
What are key features of this property?
This property features: Prime commercial location on a high‑traffic, highly visible road.; 4,640 total square feet, including a 2,320 square foot main floor and a full 2,320 square foot basement.; Spacious, open layout on the main floor with large windows and natural light.
More about this property
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