2 E Passaic Ave - Restaurant FOR SALE


Nutley, NJ 07110
$2,195,000 USD
201-213-0952
2 E Passaic Ave, Nutley, NJ for Sale
$2,195,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

2 E Passaic Ave
Nutley, NJ 07110


OVERVIEW

Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room. An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth....

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B2

APN/PARCEL ID

16-08604-0000-00001

ASK ABOUT THIS PROPERTY

Frank ContursoKeller Williams Suburban RealtyMore Info
201-213-0952

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Frank ContursoKeller Williams Suburban RealtyMore Info
201-213-0952

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