24-36 Paterson Hamburg Tpke - Restaurant FOR SALE


Riverdale, NJ 07457
$1,495,000 USD
201-845-3700
24-36 Paterson Hamburg Tpke, Riverdale, NJ for Sale
$1,495,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

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24-36 Paterson Hamburg Tpke
Riverdale, NJ 07457


OVERVIEW

The sale includes: 3-Family Investment Property, Vacant Restaurant, and "33" Riverdale Liquor License Property Overview: For sale is this freestanding mixed-use property on one of Riverdale's busiest commercial corridors. The offering includes a fully-equipped restaurant space with its own Riverdale “33” Plenary Retail Consumption liquor license, plus a three-family residential building and dedicated garages — delivering multiple income streams under one roof. The restaurant is currently vacant while undergoing cosmetic upgrades, giving a new owner-operator the flexibility to open turnkey or customize the space, while the residential units and garages provide immediate, stable cash flow from day one. Ideal for an owner-operator looking to run their own restaurant while collecting residential rental income, or for an investor seeking a stabilized, multi-income asset with upside in a high-visibility Morris County location. Income Summary: 1 Bedroom Apartment (leased) - $1,000/month - $12,000/annual 2 Bedroom Apartment (leased) - $1,700/month - $20,400/annual 2 Bedroom Apartment (leased) - $2,350/month - $28,200/annual Freestanding Restaurant (vacant) - *$4,950/month - $59,400/annual 2-Car Garage (leased) - $450/month - $5,400/annual ------------------------------------------------------------------------------------ Total Potential Gross Income - $10,900/month - $130,800/annual income *Restaurant income reflects market rent if leased. The space may alternatively be owner-occupied, in which case the restaurant line above is foregone in exchange for direct business use and income. Annual Expenses: Property Taxes: $11,799 Septic Pumping: $2,100 Restaurant = 2,200 SF +/- 3-Family Residence = 2,285 SF +/-

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$831 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

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CRD

APN/PARCEL ID

33-00006-0000-00018

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.