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- LoopNet Team
720 Ridge Rd
Lyndhurst, NJ 07071
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Air Conditioning
ABOUT 720 RIDGE RD , LYNDHURST, NJ 07071
Rare find, prime location in the heart of town with a tremendous potential for redevelopment, owner use or investment! Market rents yield a 10.4% cap rate! Large 7,452 sq.ft one level, 3 unit, commercial building on sprawling 100 x 146 with off street parking lot in rear. Situated on .35 of an acre (14,601 sq.ft. of land)! Current tenants are Pizzeria 1,150 sq.ft, Veterinarian Hospital 1,216 sq.ft and Auto Service Center 5,086 sq.ft. that is owner occupied. Gross income $138,084, operating expenses $18,500, net income $119,584. Clean, well kept, flexible space with lots of possibilities and potential uses such as day care center, physical therapy, doctor office or restaurant, etc! Building can be delivered vacant except for Pizzeria. There is a value add to build up or to completely redevelop.
PROPERTY TAXES
| Parcel Number | 32-00212-0000-00030 | Improvements Assessment | $997,500 |
| Land Assessment | $804,900 | Total Assessment | $1,802,400 |
PROPERTY TAXES
