897 Ringwood Ave - Restaurant FOR SALE


Haskell, NJ 07420
$1,500,000 USD
973-454-3218
897 Ringwood Ave, Haskell, NJ for Sale
$1,500,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

Apr '26


897 Ringwood Ave
Haskell, NJ 07420


OVERVIEW

Prime Investment Opportunity: Turnkey Hospitality & Multi-Phase Development Opportunity!! Rarely does a property offer immediate cash flow along with development potential. Situated on a high-visibility deep lot, this multifaceted site is ideal for the strategic investor or owner-operator looking to diversify their portfolio instantly. The Restaurant: A Turnkey Culinary Destination The heart of the property is a fully renovated, functioning (QSR) restaurant that blends modern aesthetics with operational efficiency. * Complete Overhaul: New HVAC, plumbing, electrical systems, framing, insulation, bathrooms, etc. * Designer Finishes: Contemporary dining room with high-end fixtures and a welcoming atmosphere. * Chef’s Kitchen: Fully equipped with commercial-grade appliances and optimized for high-volume service. The Residential Component: Single-Family Rental Attached to the restaurant is a well-maintained single-family home, currently utilized as a rental property. * Passive Income: Provides a steady, reliable monthly revenue stream from day one. * Versatility: Perfect for an on-site manager’s residence, a long-term rental, or a short-term "AirBnB" style conversion. The Future: Conceptual Apartment Development! Maximize the "highest and best use" of this land. Included with the sale are professional conceptual drawings for multi-family residential expansion designed by the township engineer. Concept A: 11-units ,1,236sf per unit over 3 floors (knock down all existing structures) Concept B: 5-units, 1,200sf per unit over 2 floors and keep the existing restaurant but knock down the house Concept C: 3-4 units, 1,500sf per unit over 2 floors and keep the existing restaurant but knock down the house Concept D: 9-units, 1,000sf per unit over 3 floors (knock down all existing structures) The "Hidden" Revenue: Active Truck Parking While you plan your next move, the expansive lot doesn't sit idle. The property currently generates auxiliary income by leasing out truck parking spots—a high-demand service in this corridor with minimal overhead.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Restaurant - Rental Income - Development Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,362 SF

ZONING

B

APN/PARCEL ID

13-00305-0000-00012

ASK ABOUT THIS PROPERTY

Roman DrukarovBerkshire Hathaway CommercialMore Info
973-454-3218

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

Roman DrukarovBerkshire Hathaway CommercialMore Info
973-454-3218

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