156 N Gaston Ave - Restaurant FOR SALE


Somerville, NJ 08876
$1,200,000 USD
201-845-3700
156 N Gaston Ave, Somerville, NJ for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/10
null | 8.95% Cap Rate

156 N Gaston Ave
Somerville, NJ 08876


HIGHLIGHTS

  • Fully leased restaurant
  • Excellent 1031 opportunity
  • Prominent, free-standing building

OVERVIEW

- Exceptional 8.95% CAP Rate A standout return in today's market. Fully occupied and generating income from day one — an investor's dream with immediate, reliable cash flow backed by a long-term lease. - 8.5-Year Lease — Fully Occupied 8.5 years of remaining lease term (with one 5-year option) with a tenant already in place. No vacancy risk, no ramp-up period — simply collect the income from a stabilized, producing asset. - 3,198 SF Turnkey Restaurant Fully operational restaurant with a dining room seating 70, a lounge for 30, and a private room for 25 — 125 total seats. Full kitchen, cozy fireplace, and 2 restrooms. - 2-Bedroom Residential Apartment A full 2-bedroom apartment on the second floor — kitchen, full bath, AC, private patio, and attic storage. A valuable income-producing residential component within the same building. - Corner Location Highly visible signalized intersection with outstanding street presence and natural foot and vehicle traffic. A location that commands attention from every direction, every day. - B-4 Zoning — Versatile Permitted Uses B-4 zoning permits a wide range of uses: medical offices, retail, auto & grocery stores, banks, childcare, and more — offering flexibility well beyond the current restaurant use. - Minutes to Major Highways Exceptional regional access: minutes to Routes 22, 28, 202/206, I-287, and I-78 — connecting this corner to the entire Central New Jersey market and beyond. - Somerville — A Thriving County Seat Somerville is Somerset County's vibrant county seat — a walkable, award-winning downtown with a bustling dining and retail scene, NJ Transit rail access, and one of the most dynamic small-city markets in New Jersey. - Strong Somerset County Demographics Somerset County consistently ranks among New Jersey's wealthiest counties — with median household incomes well above state and national averages and a highly educated, dining-friendly consumer base that supports premium commercial properties. - Beautiful, Turnkey Property A meticulously maintained freestanding building on 0.41 acres with exclusive blacktop parking. Built in 1975 and well cared for — this is a true turnkey investment ready for its next owner.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

8.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurant & Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,642 SF

ZONING

B-4

APN/PARCEL ID

18-00083-0000-00010

ASK ABOUT THIS PROPERTY

William Kapas8008607655More Info
201-845-3700

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William Kapas8008607655More Info
201-845-3700

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