Ridgewood, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Ridgewood, New Jersey Market population: 25K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Ridgewood NJ Properties: 2.7300%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Ridgewood NJ
Common questions from investors exploring commercial real estate in Ridgewood NJ.
What makes Ridgewood, NJ an attractive market for real estate investment?
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The combination of a high median household income of $142,372, a relatively low poverty rate of 3.7%, and a strong health insurance coverage rate of 96.7% suggests a stable and secure market for investors, with a diverse population including White, White Non-Hispanic, and Asian ethnicities.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Ridgewood, NJ?
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The average commute time of 37.4 minutes, coupled with a range of commute methods including driving, working from home, and public transit, indicates a well-connected and convenient location, which is further supported by the top industries of Information, Manufacturing, and Finance & Insurance, & Real Estate & Rental & Leasing.
What are the implications of the high median property value and property taxes for real estate investors in Ridgewood, NJ?
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The median property value of $695,000 and median property taxes of $6,596 may present a higher barrier to entry for some investors, but the 79.9% homeownership rate and low poverty rate of 3.7% suggest a strong and stable housing market, with potential for long-term appreciation and rental income.
How does the ethnic diversity and income inequality in Ridgewood, NJ impact the demand for housing and potential investment opportunities?
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The diverse population with top ethnicities including White, White Non-Hispanic, and Asian, combined with a GINI coefficient of 0.488 indicating some income inequality, suggests a range of housing needs and opportunities for investors to cater to different segments of the market, from affordable to luxury housing.
What role do the top industries and employment rate play in determining the stability and growth potential of the real estate market in Ridgewood, NJ?
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The strong employment rate of 11,246 and top industries including Information, Manufacturing, and Finance & Insurance, & Real Estate & Rental & Leasing, indicate a stable and growing economy, which is further supported by the high health insurance coverage rate of 96.7% and relatively low poverty rate of 3.7%, making Ridgewood, NJ an attractive location for real estate investment.
Ridgewood NJ Real Estate & City Facts
Key facts and real estate information about Ridgewood NJ.
What are some of the best neighborhoods to live in Ridgewood?
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Some of the best neighborhoods to live in Ridgewood include The Heights, Somerville, Willard, Old Country Club, Brookside, and Cottage Place. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Ridgewood?
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There are plenty of fun things to do in Ridgewood, including visiting the West Side Presbyterian Church, the Schoolhouse Museum, and the James Rose Center. You can also explore the town's many shops and restaurants, or take a walk along the Saddle River County Park trail. If you're looking for something more low-key, you could catch a movie at the local theater or try your hand at pottery at Mudspinners Pottery Studio and Gallery.
What is the food scene like in Ridgewood?
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Ridgewood has a vibrant food scene, with a wide range of restaurants to suit every taste and budget. Some popular options include Lula, From Scratch, Cafe 37, and S Egidio. You can also find great Italian food at Stella Artisan Italian, or try something new at Felina Restaurant. There are also plenty of great food trucks and casual eateries to grab a quick bite on the go.
What are the pros and cons of living in Ridgewood?
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One of the biggest pros of living in Ridgewood is its charming downtown area, with plenty of shops, restaurants, and community events to enjoy. The town also has a strong sense of community, with many residents actively involved in local organizations and initiatives. However, one of the cons of living in Ridgewood is the high cost of living, particularly when it comes to housing. Additionally, some residents may find the town's quiet, suburban atmosphere a bit too sleepy at times.
Is Ridgewood a good place to live?
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Overall, Ridgewood is a great place to live, offering a unique blend of small-town charm and big-city amenities. While it may not be the best fit for everyone, particularly those on a tight budget, it's definitely worth considering for anyone looking for a safe, welcoming, and vibrant community to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Ridgewood NJ Commercial Property: $142,372
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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