Commercial space For Sale in Ridgewood, NJ
 

MLS# : 24032688

Street : 53-55 East Ridgewood Avenue
Price : $3,500,000
Town : Ridgewood, NJ 07450
Annual Taxes : $44,638

PROPERTY DETAILS

Use : Retail
Type : Central Business
Utilities : Sep Elec, Sep Gas, Sep Heat, Sep Water
Heat/Cool : Central Air, Gas
Waterfront : None

PROPERTY DESCRIPTION

Discover an investment opportunity in the heart of Downtown Ridgewood! Well-maintained commercial building boasts high visibility and consistent foot traffic, making it an ideal location for retail and office use. Located just a block from NJ Transit buses and train station, accessibility is a major advantage for both tenants and customers. The building is 100% tenant-occupied, providing immediate rental income. Prime Location: Situated in a vibrant downtown area, surrounded by shops, restaurants, and amenities that attract visitors year-round. This property is not only a solid investment but also offers the potential for long-term appreciation in a desirable market. Don't miss your chance to own a key piece of real estate in Ridgewood 1/F: Features two retail spaces with access to a large basement for storage. 2/F: Home to 15 office suites, complemented by two separate restrooms.

Amenities

This listing is a courtesy of Realty International Inc.
(201) 585-8088 office, listing agent Jacqueline Kao

MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


About Ridgewood, NJ Real Estate Market

The small village of Ridgewood is one of the oldest parts of Bergen County in New Jersey state, which got created in 1894 within the boundaries of Ridgewood Township. The actual expansion of Ridgewood happened in 1925 from some portions of Franklin Township. Further expansion of Ridgefield took place after including a few parts of Washington Township in 1971 and Ho-Ho-Kus in 1974.

Ridgewood is spread over 5.80 square miles, with around 25,000 people living there. This village shares its borders with other boroughs like Glen Rock, Ho-Ho-Kus, Wyckoff, Fair Lawn, Paramus, Midland Park, Waldwick, Washington Township and Hawthorne. It also happens to be a suburban community in New York City and is located around 20 miles from Midtown Manhattan. Despite its status as a high-income region, Ridgewood remains a peaceful village with small-sized homes forming a part of New Jersey real estate.

Some of the popular locations in Ridgewood included in the list of the National Register of Historic Places are Ackerman House, David Ackerman House, Ackerman-Van Emburgh House, Archibald-Vroom House, Beech Street School, Paramus Reformed Church, Rathbone-Zabriskie House, Ridgewood Station, Van Dien House, Vanderbeck House, Westervelt-Cameron House and Historic Graydon Pool. Other places of interest in Ridgewood include Graydon Park, Citizens Park, Veterans Field and Ridgewood Wild Duck Pond.
Population:  24,958
Total Housing Units:  8,743
Single Family Homes:  7,435
General Tax Rate (2023):  2.804%
Effective Tax Rate (2023):  1.981%
Compare To Other Towns

Ridgewood Market Indicators

PRICE INDEX

Average Price* (12mo):  $1,158,313
Homes Sold* (12mo):  224
PRICE INDEX
SINGLE FAMILY HOME SALES

Ridgewood, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.804%
Effective Tax Rate (2023):  1.981%
GENRAL TAX RATE - Ridgewood, NJ



The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 11/22/2024 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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