339 Broad AveRidgefield, NJ 07657

  • Commercial real estate
  • 3,271 SF

Property Details for 339 Broad Ave

Construction
FRAME
Lot size
0.18 AC
Property size (Sq ft)
3,271 SF
Property type
Commercial real estate
APN
49 03805-0000-00013
APU
4903805000000013

Description

This exceptional 16,160 square foot redevelopment site presents a compelling investment opportunity in Ridgefield, New Jersey. Located at 339, 369 Broad Avenue, this property boasts a highly desirable Light Industrial zoning designation, offering flexibility for various development projects. The site's strategic corner location at the intersection of Broad Avenue and Hudson Avenue provides excellent visibility and accessibility. Its proximity to Manhattan (just 8 miles away) and convenient access to multiple NJ Transit bus lines ensures a strong workforce pool and easy commuting options. Previous approvals for a five-story office building demonstrate the site's potential for substantial development. The land is priced at $92.82 per square foot, representing a significant value proposition for developers seeking a prime location in Bergen County. This site is ideal for owner-occupancy or the creation of an income-producing property, making it an attractive option for both short-term and long-term investment strategies. The existing Light Industrial zoning may also allow for alternative uses, such as commercial or mixed-use developments, subject to necessary zoning approvals. This presents a unique chance to capitalize on the growing demand for commercial and industrial space in this thriving area of New Jersey.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $619,001
    Hospitality
    $567,002
    Educational
    $471,739
    Medical
    $487,963
    Retail
    $733,816

Location Insight

City
Ridgefield
County
Bergen
State
New Jersey
Latitude
40.8257
Longitude
-74.0098
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
$5,102
$303,400
$100
$303,500
-
$303,400
$100
$303,500

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