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1015 S RIDGEWOOD AVENUE

Commercial Active With Contract
$525,000

BTC: 8.05461798

ETH: 275.93238868

52 days
0 room(s)
1,957 sqft

Overview

Under contract-accepting backup offers. Opportunity to acquire income-producing investment with a solid lease already in place with a recognized national chain take-out restaurant. Whether you’re an investor seeking investment returns or looking to add a low-maintenance asset to your portfolio, this property delivers strong fundamentals: high-traffic location, quality construction, and a proven national tenant already in place. Located on high-visibility corner lot on US-1 / Ridgewood Ave – one of the busiest corridors in the area with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. Low maintenance brick commercial building on a corner lot that is nicely landscaped with underground utilities and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200’ of Ridgewood Ave. frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The business operations, equipment, and inventory are owned by the restaurant and are not included in the sale. Information is assumed accurate but not guaranteed.

Location

Details

Type:
Commercial Sale
Parking:
Ground Level
Year Built:
1976
Lot:
0.66 Acres
Heating:
Central / Electric
Price/sqft:
$268
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$6,557
2025
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

  • Parking

    • Ground Level

    Lot

    • Lot: 0.66 Acres

    Other Property Information

    • Parcel Number: 743306010010

    • Zoning: COMM. - B3

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Restaurant

  • Other financial information

    • Annual tax amount: $6,557

  • Source details

    • MLS ID: NS1087926

    Other facts

    • Construction Materials: Brick / Concrete

    • Foundation Details: Slab

    • Lot Features: Central Business District / Corner Lot / Oversized Lot

    • Direction Faces: West

    • Living Area: 1957

    • Water Source: Public

    • Lot Size Dimensions: 200 x 145

    • Subdivision Name: TURGOT TERRACE MENDALL HOMESTEAD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: THE BARNETT GROUP, INC.