615 Franklin TpkeRidgewood, NJ 07450

  • Commercial real estate
  • 0.60 AC

Property Details for 615 Franklin Tpke

Year built
1976
Construction
CONCRETE BLOCKS
Lot size
0.60 AC
Zone code
OB2
Property type
Commercial real estate
APN
51 04703-0000-00015
APU
5104703000000015

Description

This exceptional two-story medical office building, located at 615 Franklin Turnpike in Ridgewood, New Jersey, presents a unique investment opportunity. The property boasts a total of 10,788 square feet, with 5,545 square feet currently available for lease or sale on the second floor. Situated in Bergen County, this building is ideally suited for medical or professional practices seeking a prominent location. The property features ample on-site and off-street parking, ensuring convenient access for patients and staff. The building is ready for immediate occupancy, offering a seamless transition for new tenants. The permitted use includes both professional and medical practices, making it a versatile option for a variety of healthcare providers or related businesses. The building's location in Ridgewood, NJ, 07450, provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving community. Inquire today for pricing and further details on this exceptional property. The building's single tenancy structure offers a streamlined and efficient operational environment. This property is perfect for a practice looking to expand or a new business seeking a turnkey solution.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,970,744
    Hospitality
    $4,553,174
    Educational
    $3,788,188
    Medical
    $3,918,470
    Retail
    $5,892,736

Location Insight

City
Ridgewood
County
Bergen
State
New Jersey
Latitude
40.9886
Longitude
-74.0952
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$45,002
$904,500
$742,100
$1,646,600
-
$904,500
$742,100
$1,646,600

FAQs

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