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Property profile

1216 Nj-17 Ramsey, NJ 07446

OFF-MARKET
Retail properties & Spaces
0.71 ac lot
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Property summary

AI-generated overview

This exceptional 0.711-acre commercial land parcel, located at 1216 NJ-17 in Ramsey, New Jersey (zip code 07446), presents a prime opportunity for retail development. Situated on Route 17 North in Bergen County, this property boasts 312 feet of highway frontage, ensuring high visibility and accessibility. The B3 Highway Commercial zoning allows for a wide range of uses, including but not limited to car washes, fast food restaurants, drive-thru coffee shops, professional offices, hotels, or medical facilities. Surrounded by Class "A" retail establishments, this location guarantees a strong customer base and significant potential for return on investment. A Phase I environmental assessment was completed in 2014, making this site "shovel ready" and minimizing pre-development delays. The asking price is $1,650,000, and the property is offered for sale or as a ground lease under an Absolute NNN lease structure. This is an unparalleled opportunity to capitalize on a highly desirable location in a thriving commercial corridor. The property's strategic positioning and versatile zoning make it an ideal investment for discerning developers seeking a high-impact retail development project.

Property profile

Verified
Property type Retail properties & Spaces
Lot 0.71 ac (30,971 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1216 Nj-17 Ramsey, NJ 07446
Ramsey metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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