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    120 Brady Rd Lake Hopatcong, NJ 07849

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    For Sale
    $425,000

    Freestanding restaurant property with tenant in place near Lake Hopatcong.

    Lot size:
    1.08 Acres

    Property Features for 120 Brady Rd

    General Information

    Standard status
    Active
    Lot size
    1.08 Acres

    Building Details

    Year built
    1945

    Source: EXP REALTY, LLC Agent JUSTIN KILISZEK

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

    Overview

    Tenant-Leased Restaurant Investment Opportunity

    Located steps from Lake Hopatcong and easily accessible via Route 15, this freestanding commercial building offers a prime investment opportunity. The property, currently occupied by Little Nicki's Restaurant, is a 1,300+ square foot building that was originally remodeled in 2007 and features updated heating, cooling, roofing, and bathrooms. The lot spans 1.08 acres and includes private well and septic systems. There is ample on-site parking available for 20+ vehicles with a blacktop surface, and boat slip access. Zoned for flexible commercial use, the property is suitable for investors seeking stabilized income or future owner-users. This renovated property offers immediate rental income with a strong existing tenant in place. It is an ideal hospitality setup and offers a chance to own a well-positioned asset in one of Morris County's most desirable areas.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Dental Office Gym & Fitness Pharmacy Daycare Center Building Supply Bar & Pub Wholesale Shop Cafe & Coffee Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Hopatcong
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.6225
    Latitude
    40.9699

    Nearby Similar for Sale

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      Turnkey Bagel Shop Opportunity

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    FAQs

    What type of property is this?
    Restaurant - Freestanding restaurant property with tenant in place near Lake Hopatcong.
    Where is this restaurant located?
    The property is located at 120 Brady Rd Lake Hopatcong, NJ.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Tenant-Leased Restaurant Property with Immediate Rental Income; - High-Visibility Location Steps from Lake Hopatcong and Route 15; - Renovated 1,300+ SF Freestanding Building with Updated Systems (Heating, Cooling, Roofing, Bathrooms)
    (866) 201-6210
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    120 Brady Rd Lake Hopatcong, NJ 07849
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    Lake Hopatcong, NJ 07849
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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
    120 Brady Rd Lake Hopatcong, NJ 07849
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