New Retail Coming for the Mixed-Use Building on Myrtle Avenue

Looks like some big-time tenants are eyeing the commercial and residential property at 5823-25 Myrtle Avenue, between Putnam Avenue and Madison Street in Ridgewood. The 4,264-square-foot building sold earlier this spring for $3,250,000. The broker in charge of the sale reports that the buyer, a private investor, is currently in negotiation with national tenants to lease the retail space. According to a rep at EPIC Commercial Realty, “Being on the corner of Forest and Myrtle Ave, plus over 40 feet of exposure on Myrtle Avenue, is drawing the attention of national retailers who are excited at the opportunity to set foot in the upcoming neighborhood.” It’s still unclear what kind of renovations are coming for the building, if any. (The property comes with a total of 11,688 buildable square feet, and was delivered to the buyer vacant.) So far there are no work permits up on the Department of Buildings website.

Very interesting, indeed. Ridgewood residents, what kind of retailers would you like to see on this corner?

Mixed-Use Building in Ridgewood Sells [Q’Stoner] GMAP

Photo via PropertyShark