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    717 New Point Rd Elizabeth, NJ 07201

    For Sale
    $1,700,000

    Long-standing bar/restaurant with liquor license, parking, and outdoor area.

    Source: CENTURY 21 ALLIANCE REALTY Agent RODOLFO MIRANDA

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

    Overview

    Established Bar/Restaurant with Liquor License

    This property, operating as Club Cubano de Elizabeth since 1978, is available for sale in as-is condition, with the sales price including a liquor license. The building was remodeled in 1979 and expanded in 1988. The expansion included a new kitchen, two bathrooms, two smaller private rooms, additional storage rooms, a second-floor bar, and a partially finished basement. The roof was also fixed during the expansion. The property features central AC units with forced air, kitchen equipment, an ice machine, and beer coolers, all in working condition. An outdoor bar and lounge area has been added. Parking is available for approximately 20+ cars.
    Location Intelligence

    Current Use by Public Records

    Bars

    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.

    Similar Places Nearby

    Unlimited Nutrition, New World Bar & Restaurant, Pimms Bar & Restaurant, El Fogón Bar and Restaurant, Sam's

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2010858
    Latitude
    40.6590317

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    FAQs

    What type of property is this?
    Bar - Long-standing bar/restaurant with liquor license, parking, and outdoor area.
    Where is this bar located?
    The property is located at 717 New Point Rd Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Includes a Liquor License.; - Operating business since 1978.; - **Expanded building with new kitchen, bathrooms, private rooms, storage, and 2nd floor bar.**
    (908) 587-5222
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    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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