2 E Passaic Ave - Restaurant FOR SALE
Nutley, NJ 07110 |
2 E Passaic Ave
Nutley, NJ 07110
HIGHLIGHTS
- Turn-Key Investment: A profitable, turn-key operation with a liquor license included in the sale, offering strong potential for growth and expansion.
- Residential Income: The property includes four well-maintained and fully occupied residential apartments, providing consistent rental income.
- Entertainment & Amenities: Features include a craft beer selection with 30 taps, a patio, live entertainment, catering services, a shuffleboard table,
- High Patron Capacity: The restaurant has a total capacity of 186 patrons, including 75 in the dining room, making it ideal for events, gatherings, and
- Renovated & Modernized: The restaurant and kitchen underwent a complete renovation in 2015, with updated AC systems (2022) and a new boiler (2020), en
- Iconic Restaurant/Bar: Home to The Old Canal Inn, an established restaurant and bar with nearly a century of rich history and a strong customer base.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Old Canal Inn
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bar, Freestanding
TOTAL BUILDING SIZE
6800
STORIES
3
YEAR BUILT
1908
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
16-08604-0000-00001
