881 State Route 10 - Restaurant FOR SALE


Whippany, NJ 07981
$3,400,000 USD
973-537-7000
881 State Route 10, Whippany, NJ for Sale
$3,400,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

881 State Route 10
Whippany, NJ 07981


HIGHLIGHTS

  • High Traffic/High Visibility Restaurant
  • In business over 30 years

OVERVIEW

Welcome to an incredible investment opportunity – Nikko Japanese Restaurant, a renowned establishment located on a bustling corner along Route 10 in Whippany. This thriving restaurant, sitting on nearly 2 acres, presents an ideal prospect for both seasoned restaurateurs and entrepreneurs looking to make their mark in the culinary scene. Property Highlights: Prime Location: Situated on 200 feet of frontage along Route 10, ensuring maximum visibility and foot traffic. Ample Parking: Enjoy the convenience of abundant parking space for both patrons and staff. Great Signage: Benefit from prominent signage that enhances the restaurant's visibility to passersby. Business and Additional Acreage: Included with the sale is an additional lot featuring a charming single-family home. Future Expansion: The extra acreage allows for potential expansion or redevelopment, making it suitable for various commercial uses with the possibility of a larger structure and parking. Also, two large scale construction projects are upcoming within walking distance that will add hundreds of new residents to the area. Nikko Japanese Restaurant: Award-Winning: Recently named "BEST JAPANESE" by New Jersey Monthly Readers Choice Awards. Explore the lucrative market of catering with an established client base. Traditional "Tatami" Room: A unique feature that adds cultural richness and caters to diverse customer preferences. Exquisite Menu: Boasting a diverse menu of Japanese cuisine, sushi, and other delectable offerings. Large Bar: Enhance the dining experience with a spacious bar, complemented by a broad Class C liquor license. Proven Profitability: Nikko Japanese Restaurant has consistently generated profits for over three decades. Strategically located with easy access from Routes 10, 287, 24, and 80. Don't miss this extraordinary opportunity to acquire a successful and well-established restaurant along with valuable real estate in a prime location. Whether you're looking to continue the restaurant's legacy or explore new commercial ventures, this offering provides the perfect foundation for your entrepreneurial ambitions.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$1,077 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Japanese Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,521 SF

ZONING

B-10

APN/PARCEL ID

12-04001-0000-00006

ASK ABOUT THIS PROPERTY

Christopher KrukRe/Max Town and Valley IIMore Info
973-537-7000

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Christopher KrukRe/Max Town and Valley IIMore Info
973-537-7000

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