15 S Orange Ave - Restaurant FOR SALE


South Orange, NJ 07079
$2,600,000 USD
201-627-4947
15 S Orange Ave, South Orange, NJ for Sale
$2,600,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

15 S Orange Ave
South Orange, NJ 07079


HIGHLIGHTS

  • The building is conveniently located just one block from the South Orange downtown train station.
  • Advised that can build up two more floors to either expand the commercial space, or put some residential units above.
  • The building is in a highly visible, high pedestrian and car traffic, retail location, with many new residential units in close proximity.

OVERVIEW

This is a fantastic opportunity for an experienced restaurateur, brewer, or bar operator, to acquire a turnkey restaurant in downtown South Orange. Or change the use completely and bring a retailer, pharmacy, QSR, national brand. The two-story masonry building spans approximately 7,980 square feet and features two fully equipped kitchens. The building was originally built as a bank so you have a solid two story masonry structure with all open spans, and some classic wood workings like the fireplace and bars. The restaurant accommodates 110 patrons, with bar seating for 25, two high-top tables in the bar area, and four additional high-top tables in a separate area. The second floor offers event space with a capacity of up to 70 people, making it an Ideal location for special catered events.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

B-1, South Orange

APN/PARCEL ID

19-01909-0000-00005

ASK ABOUT THIS PROPERTY

Adam BickoffCompassMore Info
201-627-4947

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Adam BickoffCompassMore Info
201-627-4947

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