53-55 Ridgewood Ave Ridgewood, NJ 07450
- Commercial real estate
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 53-55 Ridgewood Ave
- Year built
- 1905
- Construction
- BRICK
- Lot size
- 0.08 lot acres
- Zone code
- B1
- Property type
- Commercial real estate
- APN
- 51 03805-0000-00013
- APU
- 5103805000000013
Description
This exceptional commercial property, located at 53-55 E Ridgewood Avenue in the vibrant town of Ridgewood, New Jersey, presents a unique investment opportunity. Priced at $3,500,000, this property offers significant potential for a variety of commercial uses. The building's precise square footage is currently unavailable, however, its prominent location on East Ridgewood Avenue ensures high visibility and accessibility for customers. The property sits on a lot with no acreage listed. The property type is classified as "Other," suggesting flexibility in its potential use and redevelopment possibilities. Given its prime location in Ridgewood, a thriving community known for its strong local economy and affluent demographic, this property is ideally suited for businesses seeking a high-traffic location with excellent visibility. The address itself is highly desirable, offering easy access to major transportation routes and a wealth of amenities. Further due diligence is recommended to fully assess the property's potential and suitability for specific business plans. Interested parties are encouraged to conduct thorough inspections and research to determine the property's precise specifications and to explore the full range of development opportunities available. This is a rare chance to acquire a significant commercial property in a highly sought-after location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.1186
- Latitude
- 40.9798
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA