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    640 Middlesex Ave Metuchen, NJ 08840

    For Sale
    $389,900

    Thriving Portuguese Restaurant, Established Clientele

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    317
    This established Portuguese restaurant in Metuchen, NJ, presents a unique investment opportunity. Located within the Athena Shopping Plaza at 640 Middlesex Avenue, 08840, this business boasts a strong local following, with a remarkable 90% of sales derived from takeout orders. Launched in 2021, the restaurant is fully equipped and ready for immediate operation, requiring no additional setup. The sale includes a comprehensive inventory of commercial kitchen equipment, such as four freezers, three refrigerators, one large walk-in refrigerator, a rodizio setup (installed October 2024), two deep fryers, two food preparation counters, custom grills for chicken and ribs, two 10-burner stoves, a three-compartment sink, and ample storage. The dining area comfortably accommodates twenty patrons with five tables. This turnkey operation offers a proven business model and a prime location, making it an exceptional chance for a new owner to step into a successful, established enterprise. The asking price for this thriving restaurant is $389,900. The square footage is not currently specified.

    Property Features for 640 Middlesex Ave

    General Information

    Property type
    Restaurants

    HighLights

    • $389,900 asking price for a thriving Portuguese restaurant.
    • Established in 2021, located in Metuchen, NJ's Athena Shopping Plaza.
    • 90% takeout sales, strong local clientele.
    • Fully equipped with kitchen equipment including grills, fryers, refrigerators, and a rodizio setup.
    • Turnkey operation with seating for 20.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metuchen Corner Deli Deli Vivek Vyas, Realtor Real Estate Agent Jamie Vergara - Weichert ... Real Estate Agent Jackie J. Dunlap Real Estate Agents Maria Coogan Real ... Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Metuchen
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3673257
    Latitude
    40.5410571

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    FAQs

    What type of property is this?
    Restaurant - Thriving Portuguese Restaurant, Established Clientele
    Where is this restaurant located?
    The property is located at 640 Middlesex Ave Metuchen, NJ.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: $389,900 asking price for a thriving Portuguese restaurant.; Established in 2021, located in Metuchen, NJ's Athena Shopping Plaza.; 90% takeout sales, strong local clientele.
    Request Owner's contact information
    640 Middlesex Ave Metuchen, NJ 08840
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    Metuchen, NJ 08840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    640 Middlesex Ave Metuchen, NJ 08840
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