4 Route 303 - Restaurant FOR SALE


Tappan, NY 10983
$2,800,000 USD
201-403-1777
4 Route 303, Tappan, NY for Sale
$2,800,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

NEW


4 Route 303
Tappan, NY 10983


HIGHLIGHTS

  • Heavy day time traffic.

OVERVIEW

Well-Known Korean BBQ Restaurant for Sale – Northern New Jersey/Rockland County New York A highly reputable Korean BBQ restaurant is now available for sale. The current owner has successfully operated this family-run business for the past 23 years and is now planning to retire. The restaurant is ideally located in Northern New Jersey, with close proximity to Upstate New York. It enjoys a strong and diverse customer base, attracting not only the local Korean community but also a high volume of general and international clientele. This prime location benefits from steady traffic, particularly from visitors returning from popular recreational destinations in Upstate New York, including golf courses, camping sites, fishing areas, and ski resorts. The surrounding area continues to grow, with a new supermarket opening nearby and additional popular dining options, including a Korean-Chinese (Jajangmyeon) restaurant, contributing to a vibrant and expanding commercial district. There is significant upside potential. With some upgrades and refreshed management, the business can achieve even higher revenue. Four purchase options are available: Building and Business Package: $2,800,000 Building Only: $2,150,000 with lease back tenant (6.70% cap) Business Only : $650,000 with $12,000/month + property tax (NNN) Further details are available upon request.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

KOREAN BBQ Restaurant for Sale in Tappan, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,984 SF

ZONING

CS

APN/PARCEL ID

392489-077-015-0001-046-000-0000

ASK ABOUT THIS PROPERTY

Shin ChungRe/Max Fortune PropertiesMore Info
201-403-1777

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Shin ChungRe/Max Fortune PropertiesMore Info
201-403-1777

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