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Property profile & analytics
OFF-MARKET Estimated value $1,445,000
Commercial real estate

339 Broad Ave Ridgefield, NJ 07657-2313

3,271 SF 0.18 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US59-2932903
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,271 SF
Lot 0.18 ac (7,876 SF)
APN 49 03805-0000-00013
UPID US59-2932903
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
AI Approach AI
$1.48M
CAP Approach CAP
$700k
Comparable Approach Comparable
$735k
Blend (final) Blend
$1.45M
Owner & transaction history
Tech Court LLC · 5 yrs held
Tech Court LLC
since 2021
Last sale
$1.2M
6 recorded transactions
2021
$1.2M
2016
$850,000
2012
$2.7M
2008
$1.5M
2004
$900,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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