MLS® ID: 3504296
612 RIDGE RD
North Arlington Boro, New Jersey, 07031-4835 $499,000
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.