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720-730 Ridge Rd, Lyndhurst
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,(the 2 non-owner tenants combined currently pay $11,000 toward taxes. 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.
- MLS® #1934892
- TypeCommercial Sale/Lease
- StyleFREE STD
- UtilitiesSEP ELEC, SEP HEAT
- Is WaterfrontYes
- Date ListedJuly 23rd, 2019
- Address720-730 Ridge Rd
- Zip Code07071
- HeatingCENT AIR, GAS
- Listing OfficeCoccia Realty Better Homes & Gardens/lyndhurst
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 Rosa Agency, Inc 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.
All information deemed reliable but not guaranteed. Last date updated: 08/17/2019.
Source: New Jersey Multiple Listing Service, Inc.
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