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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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897 Ringwood Ave , Wanaque Boro, NJ 07420
$1,500,000
Est. Payment: $7,633.81/mo
0 Bed
1 Bath
2400 Sqft
Status: active | Days on site: 118
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
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House 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.
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Highlights

Listed by ROMAN DRUKAROV , MP BHHS FOX & ROACH , 973-992-6363. Garden State MLS

Property Type

Commercial Sale
Lot/Acreage
0.55

Year Built

1920

County

Passaic

Listing ID

4017006

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:
  • ▪ 1/2 Bathrooms:2
Air Cond:Central Air
Fireplaces:
Floor:Tile,Wood
Basement:Finished
Other:Public Water

Exterior Features

Lot:Level Lot
Lot Dimensions:71X337
Zoning:Commercial
Roof:Asphalt Shingle
Others:Vinyl Siding
Sewer:Public Sewer
Parking Features:Parking Lot-Exclusive
Principal Interest
$7,634
Taxes
$1,269

Home Price

$1,500,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,633.81

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,633.81 $1,269.17 $0.00 $8,902.98
Yearly $91,605.74 $15,230.00 $0.00 $106,835.74
Total $2,748,172.14 $456,900.00 $0.00 $3,205,072.14

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Wanaque Boro, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T23:37:13.000Z

© 2026 Garden State MLS