Turnkey Bar/Restaurant with Residential
130 Main St Newark, NJ 07105
130 Main St, Newark, NJ, 07105
$2,400,000
For Sale
$2,400,000
Mixed-use property with established bar/restaurant and two apartments.
Property Size6,500 SF
Lot Size0.09 Acres
Price / SF$369.23
Days on Market123
Property Features for 130 Main St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency
KELLER WILLIAMS CITY VIEWS REALTY
(201) 592-8900
Listed by
JOE PEIXINHO
Source
Corcoran
Added: Mar 16 Checked: Jul 15 at 9:34 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS CITY VIEWS REALTY
Investment Insights
Based on property information with market context.
This mixed-use property features an established bar and restaurant on the ground floor, along with two apartments above. The sale includes the business entity, all required city licenses and permits, and a comprehensive equipment package featuring a commercial kitchen, hood, walk-ins, refrigeration, a full bar setup, tables, chairs, and a POS system. The ground-floor restaurant and bar include a full commercial kitchen and bar service area. There are also three separate bar areas with two stage areas that include lighting, sound systems, and jumbo TV screens. The capacity is for 210 patrons. The two apartments each contain two bedrooms and one bathroom, with private entrances and separate utilities. All business licenses and permits, including ABC, health, and occupancy permits, will be transferred with the sale. The property is ideal for an owner-operator or investor seeking immediate cash flow.
Key Highlights
- Turnkey bar/restaurant with two residential units, offering immediate cash flow potential.
- Includes business entity, all required city licenses/permits (ABC, health, occupancy) transferred with sale.
- Fully equipped commercial kitchen, bar, and restaurant (hood, walk‑ins, refrigeration, POS, tables, chairs).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.6k | $26.40 |
| − Vacancy | −$13.7k | −$2.11 |
| EGI | $157.9k | $24.29 |
| − OpEx | −$39.5k | −$6.07 |
| NOI | $118.4k | $18.22 |
6,500 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,404 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,745 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,739 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Matuto Bar & Grill
Bar & Pub
Sc Fitness
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- The Corner Bar and Lounge — 65 Houston St, Newark, NJ 07105
- Mamazzita | Ecuadorian Cuisine — 383 Chestnut St, Newark, NJ 07105
- Blitz Sportsbar — 179 Wilson Ave #5317, Newark, NJ 07105
- Day After night lounge — 65 Houston St Apartment 6, Newark, NJ 07105
- Immigrant Bar & Restaurant — 165 Wilson Ave, Newark, NJ 07105
FAQs
What type of property is this?
Bar & Pub - Mixed-use property with established bar/restaurant and two apartments.
Where is this bar & pub located?
The property is located at 130 Main St Newark, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Turnkey bar/restaurant with two residential units, offering immediate cash flow potential.; Includes business entity, all required city licenses/permits (ABC, health, occupancy) transferred with sale.; Fully equipped commercial kitchen, bar, and restaurant (hood, walk‑ins, refrigeration, POS, tables, chairs).
