$3,500

612 Ridge Rd #612

North Arlington Boro NJ, 07031

Description

Free standing commercial building for sale with great potential for conversion to mixed use and/or residential. Many possibilities to have your own business plus live on premises or collect 2 commercial incomes with proper approvals. High traffic area, prime Ridge Road location. 2 floors plus finished basement, approximately 3,000 total square footage on 5,663 square foot lot. Shared driveway easement leading to 3 off street parking spaces in rear of property. Extra deep property 195 ft. 1st fl. current use is hair salon w/approx. 2,200 sq.ft w/bath. 2nd fl. approx. 800 sq.ft. w/bath. Five year old furnace. Two 80 gallon hot water heaters 5 years old. Annual expenses $17,000, Ins. $2,000/yr. Water $800. Market value rent for prime location will yield a 7%+ cap rate.

Details

MLS#3569199
StyleIndustrial
Sub-TypeResale
StatusActive
Year1930
Days On Site112

Features

Story(s)2
Units1
ZoningCommercial

Additional Information

Annual Tax Amount13436
Assesed Tax Valuation481500
Tax ID2.914
Tax Rate2018

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Area Information

StateNJ
CountyBergen
CityNorth Arlington Boro
Zip Code07031
AreaBergen
Listing VS Median (in 07031)
Price:
$3,500
low | high
Med:
$417,500
100% of Average
On Site:
112
low | high
Med:
123
91.056910569106% of Average
Listing Updated: 10/17/2019
MLS Number: 3569199
Listing Provided By:
MITCHELL JANIS  of  COCCIA REALTY BHGRE