office space for sale 5,000 sf...office space for sale 5,000 sf 44 ridge road north arlington, nj...

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No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 225 Littleton Road Morris Plains, NJ 973-267-7778 weichertcommercial.com Eric Bogovich Sales Associate 201-580-5204 cell [email protected] Commercial Brokerage , Inc . Office Space for Sale 5,000 SF 44 Ridge Road NORTH ARLINGTON, NJ 07031 Space Details: 5,000 SF; Divisible to 2,500 SF Asking Price: $535,000 Location: In close proximity to Routes 3, 7, 17, and 21 as well as the New Jersey Turnpike Details: Fully leased building with two tenants in place Expansion and redevelopment opportunities are possible, please contact me to discuss New roof was installed and completed on 01/31/2020 Busy office and retail corridor Taxes $12,589 (2019)

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Page 1: Office Space for Sale 5,000 SF...Office Space for Sale 5,000 SF 44 Ridge Road NORTH ARLINGTON, NJ 07031 Space Details: 5,000 SF; Divisible to 2,500 SF Asking Price: $535,000 Location:

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ • 973-267-7778 • weichertcommercial.com

Eric BogovichSales Associate

201-580-5204 cell

[email protected]

CommercialBrokerage, Inc..

Office Space for Sale 5,000 SF44 Ridge RoadNORTH ARLINGTON, NJ 07031

Space Details: 5,000 SF; Divisible to 2,500 SF

Asking Price: $535,000

Location: In close proximity to Routes 3, 7, 17, and 21 as well as the New Jersey Turnpike

Details: • Fully leased building with two tenants in place• Expansion and redevelopment opportunities are possible, please contact me to discuss• New roof was installed and completed on 01/31/2020• Busyofficeandretailcorridor• Taxes $12,589 (2019)

Page 2: Office Space for Sale 5,000 SF...Office Space for Sale 5,000 SF 44 Ridge Road NORTH ARLINGTON, NJ 07031 Space Details: 5,000 SF; Divisible to 2,500 SF Asking Price: $535,000 Location:

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ • 973-267-7778 • weichertcommercial.com

CommercialBrokerage, Inc..

44 Ridge Road

Location Map

Page 3: Office Space for Sale 5,000 SF...Office Space for Sale 5,000 SF 44 Ridge Road NORTH ARLINGTON, NJ 07031 Space Details: 5,000 SF; Divisible to 2,500 SF Asking Price: $535,000 Location:

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ • 973-267-7778 • weichertcommercial.com

CommercialBrokerage, Inc..

44 Ridge Road

Photo

Page 4: Office Space for Sale 5,000 SF...Office Space for Sale 5,000 SF 44 Ridge Road NORTH ARLINGTON, NJ 07031 Space Details: 5,000 SF; Divisible to 2,500 SF Asking Price: $535,000 Location:

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ • 973-267-7778 • weichertcommercial.com

CommercialBrokerage, Inc..

44 Ridge Road

DemographicsMarket Profile44 Ridge Rd, North Arlington, New Jersey, 07031 3 Prepared by Esri44 Ridge Rd, North Arlington, New Jersey, 07031 Latitude: 40.78310Rings: 1, 3, 5 mile radii Longitude: -74.13727

1 mile 3 miles 5 miles2020 Households by Income

Household Income Base 10,826 89,099 237,153<$15,000 7.0% 11.1% 13.4%$15,000 - $24,999 8.2% 8.6% 9.1%$25,000 - $34,999 6.9% 7.4% 8.0%$35,000 - $49,999 10.4% 10.9% 10.3%$50,000 - $74,999 14.9% 17.0% 15.8%$75,000 - $99,999 14.0% 13.1% 12.3%$100,000 - $149,999 19.2% 16.5% 15.1%$150,000 - $199,999 10.7% 8.1% 7.7%$200,000+ 8.7% 7.2% 8.4%

Average Household Income $98,950 $87,921 $89,5672025 Households by Income

Household Income Base 10,781 90,917 242,132<$15,000 6.1% 9.8% 12.2%$15,000 - $24,999 7.4% 7.9% 8.4%$25,000 - $34,999 6.3% 6.9% 7.5%$35,000 - $49,999 9.5% 10.2% 9.6%$50,000 - $74,999 14.0% 16.4% 15.2%$75,000 - $99,999 13.6% 13.0% 12.2%$100,000 - $149,999 20.0% 17.5% 15.9%$150,000 - $199,999 12.3% 9.5% 8.9%$200,000+ 10.7% 8.8% 10.0%

Average Household Income $111,578 $99,030 $100,4152020 Owner Occupied Housing Units by Value

Total 5,520 36,789 90,211<$50,000 2.0% 2.4% 2.4%$50,000 - $99,999 0.4% 0.7% 1.1%$100,000 - $149,999 2.1% 2.5% 3.0%$150,000 - $199,999 3.8% 5.9% 6.5%$200,000 - $249,999 9.0% 9.4% 8.7%$250,000 - $299,999 15.7% 15.1% 12.5%$300,000 - $399,999 37.1% 35.1% 29.5%$400,000 - $499,999 18.0% 16.7% 17.3%$500,000 - $749,999 9.4% 9.9% 13.7%$750,000 - $999,999 1.5% 1.7% 3.8%$1,000,000 - $1,499,999 0.1% 0.4% 1.0%$1,500,000 - $1,999,999 0.1% 0.1% 0.2%$2,000,000 + 0.8% 0.2% 0.4%

Average Home Value $375,612 $364,279 $395,2382025 Owner Occupied Housing Units by Value

Total 5,588 37,657 92,657<$50,000 2.1% 2.6% 2.4%$50,000 - $99,999 0.3% 0.4% 0.7%$100,000 - $149,999 1.2% 1.4% 1.8%$150,000 - $199,999 2.6% 3.7% 4.3%$200,000 - $249,999 6.5% 6.3% 6.1%$250,000 - $299,999 12.4% 11.2% 9.8%$300,000 - $399,999 35.6% 34.5% 28.2%$400,000 - $499,999 21.3% 20.9% 20.5%$500,000 - $749,999 13.8% 14.8% 18.7%$750,000 - $999,999 2.7% 2.8% 5.1%$1,000,000 - $1,499,999 0.1% 0.7% 1.3%$1,500,000 - $1,999,999 0.1% 0.3% 0.3%$2,000,000 + 1.3% 0.5% 0.6%

Average Home Value $417,093 $410,337 $439,999

Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents, pensions, SSI and welfare payments, child support, and alimony. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography.

August 21, 2020

©2020 Esri Page 2 of 7

Page 5: Office Space for Sale 5,000 SF...Office Space for Sale 5,000 SF 44 Ridge Road NORTH ARLINGTON, NJ 07031 Space Details: 5,000 SF; Divisible to 2,500 SF Asking Price: $535,000 Location:

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ • 973-267-7778 • weichertcommercial.com

CommercialBrokerage, Inc..

44 Ridge Road

Traffic Count

Stevens Pl

Pros

pect

Ave

Melrose AvePershing

Pl

Garden Ter

WBennett Ave Pl

easant

Pl

ClintonAv

e

Elizabeth Ave

Ilford AveFairm

ount

Ave

Hamilton

Ave

Hendel Ave

MorganPl

RiverviewAv

e

Newe

llPl

Jeffe

rson

Ave

UnionPl

Livingston

Ave

BathurstAv

e

WilliamSt

W

i lliamSt

Sunset Ave

RidgeRd

Belleville Tpke

AT&T

Santander

Bagel Bistro

H B Drugs

7

Stewart Ave

Seeley Ave

MorganPlGr

andPl

Bayard Ave ClintonAv

ePleasantPl

ArgylePl

MorganPl

Rutherford

Pl

Park Ave

DevonSt

Exton Ave

Chestnut

St

BeechSt

WillisRd

York

Rd

Sunset Ave

Abbott Pl

ElmSt

Legion

Pl

Church P l

RidgeRd

M&R Liquor

ElmSt

Forest

St

ChestnutSt

Exton Ave

ArgylePl

Metro Bagels &Grill

Bagel House

NJ Vapors

0 0.05 0.1mi

Pleasant

Pl

Fairm

ount

Ave

MorganPl

UnionPl

RidgeRd

Belleville Tpke

PleasantPl

ArgylePl

MorganPl

Rutherford

PlBe

echSt

Cortlan

dtSt

Rutherford

Pl

Schuyler

Ave

MainSt

North Arlington

Arlington

Traffic Count Map - Close Up44 Ridge Rd, North Arlington, New Jersey, 07031 4 Prepared by Esri44 Ridge Rd, North Arlington, New Jersey, 07031 Latitude: 40.78310Rings: 1, 3, 5 mile radii Longitude: -74.13727

Source: ©2020 Kalibrate Technologies (Q2 2020).

August 25, 2020

©2020 Esri Page 1 of 1