Rte 23 Riverdale, NJ 07457
HB Highway Business: to serve a complementary function with the Community Business District in providing the services and goods for the Borough and surrounding communities. The Highway Business District is intended to provide a district serving the region, requiring larger facilities, large parking areas and served by high traffic arteries, such as Route 23.…
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
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Property description
Physical attributes from public recordsZoning & alternative use
HB · Riverdale, NJHB Highway Business: to serve a complementary function with the Community Business District in providing the services and goods for the Borough and surrounding communities. The Highway Business District is intended to provide a district serving the region, requiring larger facilities, large parking areas and served by high traffic arteries, such as Route 23. The criteria for the district are intended to promote safe and efficient development along the high traffic artery, Route 23. N. I Industrial: to provide within the Borough a district for industrial development to serve the Borough's and the region's needs. The district will provide employment for the needs of the Borough and the region and industrial use compatible with and enhancing the surrounding uses. O. IQ Industrial Quarry: is intended where single ownership of a minimum of 10 acres will provide for a planned industrial area. The area is planned to provide industrial properties requiring larger tracts with the accompanying increased traffic patterns and parking areas. P. AHO Affordable Housing Overlay District: to provide development that contributes to the Borough of Riverdale's municipal affordable housing obligation, while allowing developers increased flexibility to provide more residential units when a required on-site affordable housing set-aside is provided. Q.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.