85 Chestnut Ridge RdMontvale, NJ 07645

  • Commercial real estate
  • 57,888 SF
For Lease
$22.50/SF/YR View listing

Property Details for 85 Chestnut Ridge Rd

Year built
1975
Construction
TYPE NOT SPECIFIED
Lot size
7.70 AC
Property size (Sq ft)
57,888 SF
Property type
Commercial real estate
APN
36 02701-0000-00003
APU
3602701000000003

Description

This exceptional two-story Class B office building, totaling 62,250 square feet, presents a unique opportunity for businesses seeking executive office space in Montvale, New Jersey. Built in 1963 and extensively renovated in 2007, the property boasts a modern aesthetic complemented by classic architectural features. Three suites are currently available, ranging from 2,077 to 4,661 square feet, offering flexibility for various business needs. Recent renovations encompassed the exterior façade, landscaping, lobby finishes, elevator cabs, HVAC system, restrooms, and common areas, ensuring a contemporary and comfortable work environment. The property also features attractive outdoor amenities including a courtyard and private patios, along with ample parking. Convenient storage space is also available on-site. The building benefits from prominent monument signage on Chestnut Ridge Road, enhancing visibility and brand recognition. Its strategic location provides easy access to major transportation arteries, including the Garden State Parkway, New York State Thruway, and Route 17, ensuring seamless commutes for employees and clients. Furthermore, the property enjoys proximity to a lifestyle shopping center and hotels/conference centers, offering added convenience and amenities. The building features elevators for easy access to both floors.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,954,674
    Hospitality
    $10,034,422
    Educational
    $8,348,522
    Medical
    $8,635,640
    Retail
    $12,986,589
85 Chestnut Ridge Rd, Montvale, New Jersey

Location Insight

City
Montvale
County
Bergen
State
New Jersey
Latitude
41.0533
Longitude
-74.0676
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
$184,507
$3,662,300
$3,804,600
$7,466,900
-
$3,662,300
$3,804,600
$7,466,900

FAQs

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