45-55 Ridge Rd North Arlington, NJ 07031
This exceptional two-story retail storefront, totaling 41,544 square feet, presents a rare investment opportunity in North Arlington, New Jersey. Situated on a high-traffic section of Ridge Road, this property enjoys excellent visibility and accessibility, serving as a key connector between Route 3 and I-280. The building is currently vacant, offering flexibility for owner-occupancy or repositioning by an investor. Located within the RRRA (Ridge Road Redevelopment Area) zoning district, the property sits on a 16,553 square foot lot and benefits from its proximity to national and local retailers, as well as several new residential developments. This prime location ensures high pedestrian and vehicular traffic, making it an ideal space for a variety of retail uses. The building's size and prominent location make it a truly unique offering in a market with limited comparable properties. The property's current vacant status provides a blank canvas for a new owner to create a thriving retail destination. This is a chance to acquire a significant retail asset in a rapidly developing area of North Arlington. The property's history as the iconic Melray's Furniture Store further enhances its appeal and recognition within the community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.