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897 Ringwood Ave #1Wanaque Boro, NJ 07420

Commercial · 2,400 Sq. ft. | 0.55 Acres
$1,500,000 Active

897 Ringwood Ave #1 Overview

Time on Site:
95 days
Visits:
8

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.

Listing provided courtesy of BHHS FOX & ROACH- MLS# 4017006MLS ProviderContact Information: 973-454-3218
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897 Ringwood Ave #1 Facts & Features

  • Type Commercial
  • Sq. ft. 2,400
  • Price/Sq.ft. $625
  • Lot 0.55 Acres

Details

General

Listing Information

  • For Sale Or Lease: For Sale

Building Information

  • Renovated Year: 2022
  • Year Built: 1920

Location/Region

  • County Or Parish: Passaic
  • Location: Business District, Freestanding

Building Exterior/Construction

  • Construction Date/Year Built Des: Renovated, Unknown

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $15,230.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 4.541
  • Tax Rate Year: 2025
  • Tax Year: 2025
  • Tax Year Tax: *

General Information

  • Inclusions: Building & Business, Equipment
  • Property Sub Type: Restaurant, Store With Apartment
  • Property Type: Commercial
  • Zoning: Commercial

Interior

Building Information

  • Available Sq Ft: 2400
  • Equipment Available: Exhaust System, Furniture, Kitchen Area, Office Equipment, Refrigeration Unit, Storage Area(s)
  • Max Ceiling Height: 10
  • Max Door Height: 8
  • Office Sq Ft: 9999

Beds/Baths

  • Bathrooms Total: 2

Building Interior

  • Building Area Total: 2400

General Information

  • Cooling: Central Air
  • Flooring: Tile, Wood
  • Heating: Forced Hot Air
  • Stories: 2

Unit Information

  • Unit Number: 1

Exterior

Building Information

  • Number of Bays: 0
  • Number of Docks: 0

Parking Information

  • Parking Features: Parking Lot-Exclusive

Lot Information

  • Approximate Lot Size: 71X337
  • Lot Features: Level Lot
  • Lot Size Acres: 0.55
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Wood
  • Exterior Description: Vinyl Siding
  • Roof: Asphalt Shingle

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer
  • Utilities: Gas-Natural

897 Ringwood Ave #1 Neighborhood

Community

07420 (Wanaque Boro) Demographics

45
Median Age
1,777
Population Density (per sq. mile)
37%
College Educated
$84,636
Estimated Median Income
1,473
Estimated Total Home Owners
415
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

897 Ringwood Ave #1 Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

897 Ringwood Ave #1 Market Data

Based on the last 30 days in this zip code

$485,914
Average List Price
$8,867
Average Price per Square Foot
5
Properties Sold
104
Average Days on Market
20
Properties for Sale
Calculations provided by Reliance Network

897 Ringwood Ave #1 History

Date Event Value Agent
3/26/2026Source: Garden State MLS Added to Database
March 26, 2026
Roman Drukarov
Listing Agent