Ridgewood development site on sale for $17.75M

The development site at 951 Cypress Ave. in Ridgewood has expanded and is now on sale for $25.25 million.
Photo courtesy Greiner Maltz Investment Properties

Another Ridgewood property deemed as ripe for development is on the real estate market.

Greiner Maltz Investment Properties is offering a development site located at 951 Cypress Ave. for $17.75 million.

The property, which is in an M1-4D zone, sits on an approximate 101-foot by 125-foot lot with a lot square footage of approximately 12,775 sq. ft. This equates to approximately 83,037 of buildable square feet.

It is located on the northeast corner of Cypress Avenue and Weirfield Street in the heart of Ridgewood and is surrounded by retail businesses while being just steps away from Myrtle Avenue. There will be positive pedestrian traffic around the site, due to the ample amount of public transportation around the property, which can be beneficial for a potential ground floor retail space, according to Greiner Maltz.

The entire property will be delivered vacant.

For more information about the property, visit the Greiner Maltz Investment Properties website.