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    427 Morris Ave Elizabeth, NJ 07208

    Sponsored
    For Sale
    $1,750,000

    Thriving Colombian eatery, turnkey operation.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional business opportunity presents a fully operational and profitable restaurant and bar located in the bustling downtown area of Elizabeth, New Jersey. The establishment, known as La Casa Del Chupe (or Donde Mi Ama), occupies a spacious 2500+ square foot space and boasts a cozy, trendy atmosphere. The diverse menu features a selection of gourmet dishes and craft cocktails, appealing to a wide range of clientele. The restaurant has cultivated a loyal customer base and enjoys excellent online reviews, demonstrating its strong market position and potential for continued growth. All necessary permits and a valuable liquor license are included in the sale price of $1,750,000. This turnkey operation offers a seamless transition for the new owner, eliminating the need for extensive setup and permitting processes. All front-of-house (FOH) and back-of-house (BOH) equipment is included, along with the complete food and beverage inventory. The business is currently staffed and operates six days a week, from 5 PM to 3 AM, with nightly entertainment promotions designed to attract and retain customers. This presents a rare opportunity to acquire an established, successful business with significant potential for expansion and increased profitability within a vibrant and growing community. The sale includes everything needed to continue operations immediately, making this an ideal investment for an experienced restaurateur or a savvy entrepreneur seeking a proven business model.

    Property Features for 427 Morris Ave

    General Information

    Property type
    Investment properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.22086
    Latitude
    40.67168

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    FAQs

    What type of property is this?
    Investment property - Thriving Colombian eatery, turnkey operation.
    Where is this investment property located?
    The property is located at 427 Morris Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (908) 329-2672
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    427 Morris Ave Elizabeth, NJ 07208
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    Elizabeth, NJ 07208
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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
    427 Morris Ave Elizabeth, NJ 07208
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