85 Park Park Ridge, NJ 07656

Listing agency COLDWELL BANKER, WAYNE

Listed by VASKO JANESKI

Source Corcoran

Added: Apr 30, 2025 Updated: Mar 16 at 9:08AM Checked: Mar 16 at 9:08AM

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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

Property Profile Location Intelligence

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 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