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Listed by Jazmine Clausen-Soir Better Homes and Gardens Real Estate Elite
$ 2,200,000
Est. payment | /mo
$ 2,200,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26042252
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Turnkey restaurant, bar, and lounge offered with income-producing real estate and separately deeded land at 257 Clinton Avenue in Newark. The business has an approximate valuation of $683,000, and two residential rental units generate approximately $52,000 in annual rental income. Approved building plans provide an opportunity for expansion. The restaurant features high-end equipment in excellent condition, fully owned and included in the sale, including a fire suppression system, dishwasher, two six-burner ranges, two fryers, espresso machine, dough mixer, and additional kitchen equipment. The basement offers a full prep kitchen, two walk-in boxes, a fenced and gated liquor storage area, and a security system with cameras and monitors. An upper mezzanine features a DJ booth and tables overlooking the bar area. Separate utilities. Business and real estate offered together. LLiquor license IS INCLUDED.
Location
State NJ
County Essex
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