539 Ringwood Ave Wanaque, NJ 07465-2011
- Commercial real estate
- 0.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 539 Ringwood Ave
- Year built
- 1985
- Construction
- FRAME
- Lot size
- 0.55 lot acres
- Zone code
- B
- Property type
- Commercial real estate
- APN
- 13 00231-0000-00009
- APU
- 1300231000000009
Description
This exceptional commercial property, located at 539 Ringwood Avenue in Wanaque, New Jersey, presents a fantastic opportunity for a variety of businesses. Boasting a highly visible location on a main road, this property offers immediate occupancy in a well-maintained building. The 0.51-acre lot provides ample off-street parking for up to ten vehicles in a shared lot, ensuring convenient access for customers and employees. The building itself is a visually appealing structure featuring a combination of brick and siding, enhanced by recent improvements. These upgrades include fresh paint, new flooring, and a renovated powder room, creating a modern and inviting atmosphere. The interior space is bright and airy, thanks to abundant natural light. The property is equipped with wall air conditioning for climate control, and features baseboard heating for comfortable temperatures year-round. Public water and sewer services are readily available. The layout includes convenient front and side exits, along with some basement storage for added utility. Its strategic location offers easy access to major roadways, including Routes 287 and 208, providing excellent connectivity for commuters and clients. The property is also situated near other established businesses, creating a synergistic environment. This versatile space is ideal for retail sales, a full office, or a satellite office, making it an attractive option for a range of commercial ventures. The asking price is $1,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $315,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $275,000
- Mixed-Use
- $330,000
- Hospitality
- $315,000
- Educational
- $335,000
- Residential Income
- $320,000
- Energy
- $285,000
- Income-Based Land
- $250,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Wanaque
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.2889
- Latitude
- 41.053
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA