217 Frelinghuysen Ave, Newark City, NJ, 07114-1532

217 Frelinghuysen Ave, Newark City, NJ, 07114-1532

5,628 sqft

Introducing an unparalleled investment opportunity: a fully operational restaurant bar that stands as the epitome of profitability and potential. This property isn't just another venue; it's a lucrative business venture waiting to be seized. Immerse yourself in a world of endless possibilities as this establishment comes fully equipped and in impeccable condition. From the moment you step through the doors, you'll realize the immense potential for success that awaits you. This property stands out because it includes a coveted liquor license, boosting revenue potential from day one. Beyond just a bar, it offers multiple revenue streams with two studio apartments and two full apartments providing rental income opportunities or accommodations for staff members. Additionally, a dedicated banquet area caters to large groups and special events, ensuring a steady stream of patrons year-round. Ample storage space in the walk-in basement and freezers allows efficient inventory management. Entertainment areas on both floors elevate the guest experience, with a DJ booth on each floor for live music events or private functions. This turnkey opportunity promises prosperity, eliminating the hassle of starting from scratch and positioning you for success in the bustling restaurant and bar industry. Seize the moment and transform your entrepreneurial dreams into reality.


Status:

Active

Type:

Commercial

Units:

4

Zoning:

0

Heating:

See Remarks See Remarks

Cooling:

Window A/C(s)

Levels:

2

Parking:

See Remarks

Lot Size:

50X112.6

Acreage:

0.13

Est. Taxes:

$24,791

Assessment

$665,000

Current Use

Restaurant, Restaurant/Bar

Utilities

See Remarks

MLS #:

3896318


Community Info

School Info

Walk Score

Mass Transit

Yelp


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