Bought with Junio M. Fermin HP Properties
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62 Cedar ST Ridgefield Park, NJ 07660
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Key Details
Sold Price $299,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21044029
Sold Date 08/22/22
Style Retail
Property Sub-Type Retail
Property Description
THIS OFFERING IS REPRESENTING THE OPPORTUNITY TO ACQUIRE A LICENSE DAYCARE (NURSERY), CENTRALLY LOCATED IN THE DENSELY POPULATED SECTION OF BERGEN COUNTY, MINUTES TO NYC TRANSPORTATION AND NJ MAIN HIGHWAYS.THE DAYCARE CONSISTS OF 3 ROOMS PLUS 2 BATHS. THE SELLERS WILL OFFER THE NEW BUYERS FIVE PLUS 5 YEARS NET LEASE AT $5,000 PER MONTH; WITH AN ANNUAL RENT INCREASE OF 3%. PLUS AN ADDITONAL 5 YEARS LEASE EXTENTION OPTION. THE STATE LICENSE DAYCARE IS LOCATED IN RIDGEFIELD PARK, THERES CURRENTLY 35 KIDS WITH THE OPPORTUNITY TO EXPEND. THERE'S A PLAYGROUND IN SITE. 99% OF THE KIDS TUITIONS ARE PAID BY THE PARENTS AND THE REST ARE SUBSIDIZED BY THE STATE. FOR FINANCIAL SEE ATTACHMENTS....OWNED BY A 501C3 NON PROFIT ORGANIZATION
Location
State NJ
County Bergen
Interior
Heating Gas
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