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    717 New Point Rd Elizabeth, NJ 07201

    Sponsored
    For Sale
    $1,990,000

    Established Nightclub, Liquor License Included

    Property size:
    13,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 13,000 square foot commercial property located at 717 New Point Road, Elizabeth, NJ, presents a unique investment opportunity. Currently operating as Club Cubano de Elizabeth since 1978, this well-established nightclub boasts a rich history and significant potential for continued success. The sale includes a valuable liquor license, a significant asset for any prospective buyer. The property underwent a major remodel in 1979 and a substantial expansion in 1988, adding key features such as a new kitchen, two bathrooms, two smaller private rooms, additional storage areas, a second-floor bar, and a partially finished basement. The roof has been fixed. The building is equipped with central air conditioning units and forced-air heating. All kitchen equipment, including an ice machine and beer coolers, is in working order. Further enhancing its appeal, the property includes a recently added outdoor bar and lounge area, providing ample space for patrons. Ample parking is available, accommodating 20 or more vehicles. The sale is "as-is." This turnkey operation offers immediate income potential and significant upside for a savvy investor looking to capitalize on a thriving nightlife scene. The property's size and established clientele base make it an attractive proposition for both experienced operators and new entrants to the market. Don't miss this chance to acquire a well-established and profitable business.

    Property Features for 717 New Point Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    13,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.20102
    Latitude
    40.65931

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    FAQs

    What type of property is this?
    Commercial real estate - Established Nightclub, Liquor License Included
    Where is this commercial real estate located?
    The property is located at 717 New Point Rd Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,990,000.
    (908) 587-5222
    Request Owner's contact information
    717 New Point Rd Elizabeth, NJ 07201
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    Elizabeth, NJ 07201
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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
    717 New Point Rd Elizabeth, NJ 07201
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