45-47 Franklin St - Bar FOR SALE


Bloomfield, NJ 07003
$1,595,000 USD
908-458-6695
45-47 Franklin St, Bloomfield, NJ for Sale
$1,595,000 USD
Bar - FOR SALE
1/16
null | Request Cap Rate

45-47 Franklin St
Bloomfield, NJ 07003


OVERVIEW

Presenting this unique opportunity to acquire a rare property that combines a fully licensed bar, retail space, and the infrastructure for a working kitchen—all under one roof. This location offers a rare Broad Class C liquor license, providing tremendous flexibility to serve both food and alcohol onsite while also creating a destination for entertainment and community gatherings. For an operator with vision, this license alone opens the door to a range of profitable concepts ranging from a neighborhood tavern, sports bar, or live music venue to a culinary-driven gastropub. Currently configured as a bar with an adjacent store, the flow of the space encourages multiple revenue streams. The retail component can be repositioned for carry-out sales, specialty food offerings, or even packaged beverage sales, creating a synergy between the front-of-house and tavern operations. The combination allows an operator to not only capture customers looking for a social experience, but also those seeking convenience and quick purchases—an advantage not typically found in stand-alone restaurant or bar properties. Equally compelling is the existing kitchen space, which offers the framework for a full culinary program once restored and modernized. By updating it to meet today’s standards, a new operator can elevate the food and beverage experience, creating a vibrant atmosphere that attracts regular clientele and draws in new visitors. With thoughtful renovation, the kitchen can once again serve as a backbone for the business, enhancing both dine-in and takeout offerings. Core’s Tavern is much more than just a 3rd generation bar. It’s actually been chosen from thousands of bars to be cast in t.v. shows & movies because of its unique feel & appearance. Michael Imperioli of the Sopranos filmed a t.v. series called Lincoln Rhyme Hunt for the Bone Collector & most recently & notably a movie called Here Comes The Flood, soon to be released, with Denzel Washington & Robert Pattinson. The name of the bar “Core’s Tavern” was featured in both films which adds to the history of Core’s Tavern & other projects are on the way. Don’t miss out on this “once in a lifetime opportunity”.  From an investment perspective, the property is positioned to become a local staple. The versatility offered here—liquor sales, food service, and retail—encourages creativity and provides resiliency against changing market trends. For an entrepreneur seeking a destination business, this is an exceptional foundation on which to build.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,535 SF

ZONING

R-2B

APN/PARCEL ID

02-00424-0000-00008

ASK ABOUT THIS PROPERTY

Antonio DeCiccoRE/MAX InStyle RealtyMore Info
908-458-6695

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Antonio DeCiccoRE/MAX InStyle RealtyMore Info
908-458-6695

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