217-219 Frelinghuysen Ave - Storefront Retail/Residential FOR SALE


Newark, NJ 07114- South Broad Street
$2,249,000 USD
855-450-0442
217-219 Frelinghuysen Ave, Newark, NJ for Sale
$2,249,000 USD
Storefront Retail/Residential - FOR SALE
1/75
null | Request Cap Rate

217-219 Frelinghuysen Ave
Newark, NJ 07114
South Broad Street


HIGHLIGHTS

  • Primary Industry: Restaurant
  • Food Seating capacity: 55

OVERVIEW

Introducing an unparalleled investment opportunity: a fully operational restaurant bar that stands as the epitome of profitability and potential. This property isn't just another venue; it's a lucrative business venture waiting to be seized. Immerse yourself in a world of endless possibilities as this establishment comes fully equipped and in impeccable condition. From the moment you step through the doors, you'll realize the immense potential for success that awaits you. This property stands out because it includes a coveted liquor license, boosting revenue potential from day one. Beyond just a bar, it offers multiple revenue streams with two studio apartments and two full apartments providing rental income opportunities or accommodations for staff members. Additionally, a dedicated banquet area caters to large groups and special events, ensuring a steady stream of patrons year-round. Ample storage space in the walk-in basement and freezers allows efficient inventory management. Entertainment areas on both floors elevate the guest experience, with a DJ booth on each floor for live music events or private functions. This turnkey opportunity promises prosperity, eliminating the hassle of starting from scratch and positioning you for success in the bustling restaurant and bar industry. Seize the moment and transform your entrepreneurial dreams into reality.

FOR SALE DETAILS

PRICE

$2,249,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ideal Bar & Restaurant w/liquor license

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

I-1

APN/PARCEL ID

14-02759-0000-00007

ASK ABOUT THIS PROPERTY

Julie RengifoReal Broker, LLCMore Info
855-450-0442

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Julie RengifoReal Broker, LLCMore Info
855-450-0442

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.