238 Franklin Ave - Restaurant FOR SALE


Nutley, NJ 07110
$3,975,000 USD
201-845-3700
238 Franklin Ave, Nutley, NJ for Sale
$3,975,000 USD
Restaurant - FOR SALE
1/16
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NEW


238 Franklin Ave
Nutley, NJ 07110


HIGHLIGHTS

  • Completely Renovated in 2024
  • Includes Valuable Nutley "33" Liquor License
  • Ready for the Next Motivated Owner/Operator

OVERVIEW

The Sale Includes: Real Estate, "33" Plenary Retail Consumption License and FFE Great opportunity to acquire a professionally designed, multi-million dollar renovated restaurant and event space in the heart of downtown Nutley. Fully rebuilt in 2024 from top to bottom, this is a true turnkey operation, where no expense was spared. The immaculate space offers a chic, contemporary design and features exposed brick walls, beautiful hardwood floors, high ceilings, and modern furniture and fixtures, creating a warm yet sophisticated atmosphere. The first floor includes the main dining room for up to 100 guests, a large bar with seating for 15, a private dining room for up to 10 guests, a temperature-controlled wine display and storage area. Every element of the space reflects high-end craftsmanship and attention to detail. The second floor features a 4,000 square foot event space designed to accommodate up to 200 guests. An ADA-compliant elevator provides easy access to the second floor and bathrooms, making the venue ideal for weddings, corporate events, and private celebrations. The 4,000 square foot basement includes large prep space, brand-new walk-in refrigerators and freezers, office and restrooms, allowing for high-volume operations and efficient service. Situated in downtown Nutley, this long-established location has great vehicle exposure and foot traffic and has been a staple in the community for decades. Along with street parking, a large municipal parking lot is directly behind the property, with a dedicated rear guest entrance. Property Highlights: - Multi-million dollar renovation completed in 2024 - No expense spared; professionally designed buildout - High-end finishes, exposed brick, hardwood floors & high ceilings - All brand-new mechanicals and equipment - 4,000 SF second-floor event space for 200+ guests - Elevator for ADA access to second floor and bathrooms - Temperature-controlled wine display and storage - Full basement prep space with new walk-in refrigerators & freezers - Prime downtown Nutley location with excellent exposure - Large municipal parking lot with direct rear guest entrance This one-of-a-kind location is ideal for restaurateurs, event operators, or hospitality groups seeking a premier Northern New Jersey location with unmatched infrastructure, design, and operational efficiency.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

N/Av, County

APN/PARCEL ID

16-06201-0000-00013

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.