897 Ringwood Ave, Wanaque Boro, NJ 07420
897 Ringwood Ave, Wanaque Boro, NJ 07420
897 Ringwood Ave, Wanaque Boro, NJ 07420
897 Ringwood Ave, Wanaque Boro, NJ 07420
897 Ringwood Ave, Wanaque Boro, NJ 07420
897 Ringwood Ave, Wanaque Boro, NJ 07420
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Matthew De Fede

Matthew De Fede

+1(862) 228-0554
$ 1,500,000
Est. payment | /mo

2,400 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

2,400 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $625

MLS Listing ID 4017006

Year Built 1920

Annual Tax Amount $15,230

Tax Year 2025

Lot Size 0.550 Acres

Property Description

Prime Investment Opportunity: Turnkey Hospitality & Multi-Phase Development Opportunity!!Rarely does a property offer immediate cash flow along with development potential. Situated on a high-visibility deep lot, this multifaceted site is ideal for the strategic investor or owner-operator looking to diversify their portfolio.The Restaurant: Fully renovated, functioning (QSR) restaurant. * New HVAC, plumbing, electrical systems, framing, insulation, bathrooms, etc. * Contemporary dining room with high-end fixtures and a welcoming atmosphere. * Fully equipped with commercial-grade appliances and optimized for high-volume service.Single-Family Rental: Attached to the restaurant is a single-family home, currently utilized as a rental property.The Future: Conceptual Apartment Development!Maximize the "highest and best use" of this land. Included with the sale are professional conceptual drawings for multi-family residential expansion designed by the township engineer.Concept A: 11-units ,1,236sf per unit over 3 floors (knock down all existing structures)Concept B: 5-units, 1,200sf per unit over 2 floors and keep the existing restaurant but knock down the house Concept C: 3-4 units, 1,500sf per unit over 2 floors and keep the existing restaurant but knock down the houseConcept D: 9-units, 1,000sf per unit over 3 floors (knock down all existing structures)Additional Revenue: Active Truck Parking currently generates auxiliary income by leasing out truck parking spots.

Location

State NJ

County Passaic

Zoning Commercial

Rooms

Basement Finished

Interior

Heating Gas-Natural

Cooling Central Air

Flooring Tile, Wood

Equipment Exhaust System, Furniture, Kitchen Area, Office Equipment, Refrigeration Unit, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by BHHS FOX & ROACH

Nearby Locations

Matthew De Fede

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(862) 228-0554

matthewdefede@realtyexecutives.com

653 Franklin Ave, Nutley, NJ, 07110, USA

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897 Ringwood Ave