About 63-07 Fresh Pond Road
Calling All Investors, Developers & End-Users!!! 9,200 Sqft. Warehouse / Auto Repair Shop With M1-1 Zoning For Sale In Ridgewood!!! The Property Features Great Exposure, Excellent Signage, M1-1 Zoning, 18 Parking Spaces, Private Driveway, Strategically Placed Curb Cut, Waiting Room, High 30’ Ceilings, (4) 22’ Roll-Up Doors, 4 Skylights, Private Office, 3 Phase Power, All New LED Lighting, Accessible Bathroom, Sprinklers, A/C, +++!!! The Property Had A Brand New Roof Installed In 2023!!! The Property Is Located In The Heart Of Ridgewood On Busy Fresh Pond Road Just 1 Block From Metropolitan Avenue!!! The Property Is Situated Midway Between I-495, I-278 & The Jackie Robinson Parkway!!! Neighbors Include Amazon, Costco, Stop & Shop, Extra Space Storage, Safeguard Self Storage, CVS, 7-Eleven, Dunkin’, Petco, Pep Boys, Raymour & Flanigan, Taco Bell, Wendy’s, McDonald’s, Carvel, Lidl, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Value Range Marketing Price $2,850,000.-$3,250,000.
Income:
Truck & Auto Repair Shop (8,800 Sqft.): 184,644 Ann.; 3% Ann. Inc.; Lease Exp.: 8/21/32.
2nd Floor Office (400 Sqft.): $24,000 Ann. (Available)
Pro Forma Gross Income: $208,644 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Snow & Landscape: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $2,300 Ann.
Taxes: $26,558.48 Ann.
Total Expenses: $29,108.48 Ann. Pro Forma Net Operating Income (NOI): $179,535.52 Ann.
