86 Spring Valley RdPark Ridge, NJ 07656

For Sale
$1,879,000 View listing
  • Commercial real estate
  • 0.95 AC

Property Details for 86 Spring Valley Rd

Year built
1927
Construction
TYPE NOT SPECIFIED
Lot size
0.95 AC
Property type
Commercial real estate
APN
47 00903-0000-00004
APU
4700903000000004

Description

This exceptional opportunity presents a fully operational, 5,000 square foot restaurant in Park Ridge, NJ, boasting a coveted plenary liquor license (#33). Situated on a nearly one-acre lot (41,382 sq ft) with 30 parking spaces, this two-story building offers significant expansion potential. Built in 1920 and renovated in 2008, the property features a fully equipped kitchen with walk-in refrigerators and a prep kitchen in the lower level. The main dining area comfortably seats 75 patrons, with additional bar seating for 12. The restaurant, previously a highly successful establishment recognized with a 2023 Diners' Choice Award, is located in a prime Bergen County area, surrounded by affluent communities and boasting excellent street visibility. The R20 zoning allows for various uses. The property's location provides easy access to major roadways, including the Garden State Parkway, and benefits from a high average median income of $195,000 in the surrounding area. This turnkey operation presents a rare chance to acquire a thriving business in a desirable location, with ample room for growth and development. The asking price is $1,879,000 ($375.80/sq ft).

86 Spring Valley Rd, Park Ridge, New Jersey

Location Insight

City
Park Ridge
County
Bergen
State
New Jersey
Latitude
41.0352
Longitude
-74.0583
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
$22,105
$471,300
$244,300
$715,600
-
$471,300
$244,300
$715,600

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