Real Estate
5-Story Ridgewood Office Building on the Market for $5.2M
Broad Street's 24,000-square-foot Lincoln Building offered for sale earlier this month.
A five-story, 24,000-square-foot Ridgewood office building is now on the market at a price of $5.2 million, according to real estate listings.
The Lincoln Building at 45 N. Broad Street has ground level retail space below local lawyers and an office of Microsoft, said a real estate announcement from Marcus & Millichap Real Estate Investment Services published on Northjersey.com.
Posted real estate listings for the property say the building has long-term tenants but that short-term leases will offer "flexibility" for the new owner.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Listings for the property note the proximity to mass transit and a location within the village’s shopping district. One listing also stated that it is located half a block from a proposed new high-density residential zone, “further enhancing the value” of the property.
According to listings, the annual tax bill is in the ballpark of $61,000, with a rental price per square foot of $216.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
