487-489 21st Ave - Bar FOR SALE


Paterson, NJ 07513
$1,700,000 USD
908-209-4355
487-489 21st Ave, Paterson, NJ for Sale
$1,700,000 USD
Bar - FOR SALE
1/50
null | Request Cap Rate

487-489 21st Ave
Paterson, NJ 07513


HIGHLIGHTS

  • Fully renovated and built out restaurant/bakery/lounge with high visibility and generous street frontage along 21st Avenue
  • Spacious dining area to accommodate a large number of guests, perfect for casual dining or events with stunning outdoor patio
  • Real estate, business, all equipment and liquor license included in the sale

OVERVIEW

An exceptional opportunity to own a fully operational restaurant, turnkey dining establishment located in the heart of Paterson’s thriving commercial district. This sale includes the real estate, established business, all appliances, liquor license, and a bonus 3-bedroom apartment, making it the perfect investment for restaurateurs, investors, or entrepreneurs. Property Highlights: Real Estate: Approximately 6,126 sq ft of total space with a modern layout and versatile design. Open Floor Plan: A fully built-out, spacious restaurant with an inviting layout that accommodates both intimate dining and larger gatherings. High-Tech Bar: Modern, fully equipped bar offering the perfect setting for nightlife and enhanced customer experiences. Bakery: Fully functioning, dedicated bakery section ideal for fresh pastries, baked goods, and additional income streams. Outdoor Patio: A beautiful, private outdoor patio in the back, perfect for seasonal dining, events, or private parties. Kitchen: Commercial-grade, fully equipped kitchen with high-quality appliances, fixtures, and ample prep space to support high-volume operations. Apartment: Includes a 3-bedroom, 1-bath apartment on-site, offering rental income potential (currently tenants month to month paying 2,000) Additional Features: Liquor License: Valuable active liquor license for dine-in, bar, and event service. Frontage: Prime street frontage on 21st Avenue with high visibility and significant foot traffic. Seating Capacity: Generous indoor dining capacity and outdoor patio seating. Parking: Street parking with easy access for customers and staff. Location: Positioned in a high-traffic area of Paterson, surrounded by thriving businesses, retail shops, and densely populated residential neighborhoods. Minutes from major highways, public transportation, and Paterson’s central business district. High-demand area with strong demographics and consistent demand for dining, bakery, and nightlife options. Included in Sale: Real Estate: Ownership of the fully built-out building. Business: Established, well-regarded restaurant with a strong customer base. Appliances & Equipment: Turnkey operation with all kitchen equipment, furniture, and fixtures included. Liquor License: Active full liquor license, enhancing profitability. Apartment: A 3-bedroom, 1-bath apartment that provides additional income or housing options. Investment Potential: This is a rare opportunity to acquire: Built out restaurant for operator to create multiple revenue streams (bakery, bar, dining, events). A fully equipped, spacious property with indoor and outdoor dining options. Additional income from the on-site apartment. Whether you continue the current successful concept or bring your vision, this property is ready to generate immediate income and long-term value.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

B-1

APN/PARCEL ID

08-08906-0000-00019

ASK ABOUT THIS PROPERTY

Daniel MontanoSignature Realty NJ LLC - WestfieldMore Info
908-209-4355

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Daniel MontanoSignature Realty NJ LLC - WestfieldMore Info
908-209-4355

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