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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

45-55 Ridge Rd North Arlington, NJ 07031

41,544 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 41,544 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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