945 Elizabeth Ave - Restaurant FOR SALE


Elizabeth, NJ 07201
$1,750,000 USD
908-965-8828
945 Elizabeth Ave, Elizabeth, NJ for Sale
$1,750,000 USD
Restaurant - FOR SALE
1/23
null | Request Cap Rate

945 Elizabeth Ave
Elizabeth, NJ 07201


HIGHLIGHTS

  • This property was fully renovated in 2022.
  • Restaurant business included in sale, but can be sold separately if requested.
  • Apartment included in sale- can be occupied by owner.
  • Located right off of Route 1 in Elizabeth.

OVERVIEW

Seize this rare opportunity to own a fully operational, income-generating mixed-use property in the heart of vibrant Elizabeth Ave, one of Elizabeth, NJ's most desirable and bustling locations. This sale includes both the real estate and a thriving restaurant business with strong annual profits, offering an ideal investment for entrepreneurs and investors alike. Restaurant - Fully renovated in 2022, this turnkey restaurant comes complete with all equipment, machinery, furniture, fixtures, menu, and goodwill. The business is in full operation and it has been in operations for twenty plus years, generating impressive annual profits. The basement includes a dedicated office space and a full bathroom for restaurant use. Financials are available to serious buyers upon request. Residential Unit - A spacious three-bedroom apartment featuring one full bathroom, an eat-in kitchen, and a comfortable living room, perfect for rental income or owner occupancy. Situated in the heart of Elizabeth Ave, a high-traffic area known for its vibrant community, diverse businesses, and strong foot traffic, ensuring excellent visibility and accessibility for the restaurant. Real Estate can be sold separately from the business.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$691 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use Building and Business For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,764 SF

ZONING

-

APN/PARCEL ID

04-00009-0000-00457

ASK ABOUT THIS PROPERTY

Jamille Hernandez3Sixty RealtyMore Info
908-965-8828

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Jamille Hernandez3Sixty RealtyMore Info
908-965-8828

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