339 Broad Ave Ridgefield, NJ 07657-2313
This exceptional 16,160 square foot redevelopment site presents a compelling investment opportunity in Ridgefield, New Jersey. Located at 339, 369 Broad Avenue, this property boasts a highly desirable Light Industrial zoning designation, offering flexibility for various development projects. The site's strategic corner location at the intersection of Broad Avenue and Hudson Avenue provides excellent visibility and accessibility. Its proximity to Manhattan (just 8 miles away) and convenient access to multiple NJ Transit bus lines ensures a strong workforce pool and easy commuting options. Previous approvals for a five-story office building demonstrate the site's potential for substantial development. The land is priced at $92.82 per square foot, representing a significant value proposition for developers seeking a prime location in Bergen County. This site is ideal for owner-occupancy or the creation of an income-producing property, making it an attractive option for both short-term and long-term investment strategies. The existing Light Industrial zoning may also allow for alternative uses, such as commercial or mixed-use developments, subject to necessary zoning approvals. This presents a unique chance to capitalize on the growing demand for commercial and industrial space in this thriving area of New Jersey.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.