Current Use by Public Records
- Moniki Nail Salon & Spa / Nail Salon
- Suns Nail Salon / Nail Salon
Property Details for 601 Ridge Rd
- Year built
- 1928
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional two-story mixed-use property in Lyndhurst, NJ, presents a compelling investment opportunity. Situated on a 5,000-6,000 sq ft lot with 39 feet of frontage on a busy commercial road in Bergen County, this 7,000-9,000 square foot building boasts high visibility and significant foot traffic. Built in 1928, the property features eleven units: eight residential apartments (a mix of studio and two-bedroom units) and three retail spaces, currently enjoying 100% occupancy. Recent renovations ensure modern and attractive interiors for both residential and retail tenants. Convenient rear parking is available. The property currently generates a Net Operating Income (NOI) of $13,000, with a pro-forma NOI of $18,000, showcasing significant income potential. Low operating costs and the potential for rent increases and further expansion on the corner lot contribute to its strong investment appeal. The property's location near public transportation and major highways ensures easy accessibility. This versatile property caters to a high-demand market, offering a blend of residential and retail spaces, promising steady occupancy rates and significant returns on investment. Detailed financial information is available.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lyndhurst
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.1229
- Latitude
- 40.8026
