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    507 Franklin Ave Nutley, NJ 07110

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    For Sale
    $1,700,000

    3,784 SF restaurant/bar with liquor license and parking.

    Property size:
    3,784 SF
    Lot size:
    0.18 Acres

    Property Features for 507 Franklin Ave

    General Information

    Size
    3,784 SF
    Lot size
    0.18 Acres

    Source: RIPCO Real Estate - New Jersey Agent Matt Grundy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Bar with License

    This is a 3,784 square foot restaurant and bar. The sale includes a Broad C liquor license. The property features 128 indoor seats, plus additional outdoor seating. A dedicated parking lot is located in the rear, with direct access to a municipal parking lot. Street parking is available in front. The restaurant is expandable.
    Insight Report Location Intelligence

    Current Use by Public Records

    Nutley Farmers Market Farmers' Market Bella Luce Restaurant ... Italian Restaurant

    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.

    Similar Places Nearby

    Sonoma Bistro Bar and Grill, Cork's Corner Bar, Michael's Roscommon House, American Legion, Luna Wood Fire Tavern

    Location Insight

    • Map
    • Local Demand
    City
    Nutley
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1554635
    Latitude
    40.8236287

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    FAQs

    What type of property is this?
    Bar - 3,784 SF restaurant/bar with liquor license and parking.
    Where is this bar located?
    The property is located at 507 Franklin Ave Nutley, NJ.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Liquor License (Broad C) included in sale; - 3,784 square foot restaurant and bar with **128 indoor seats** plus outdoor seating; - Dedicated parking lot in rear, direct access to Municipal parking lot, street parking in front
    (201) 777-2300
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    507 Franklin Ave Nutley, NJ 07110
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    Nutley, NJ 07110
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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
    507 Franklin Ave Nutley, NJ 07110
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