Turnkey Bar/Restaurant with Residential
For Sale
$2,400,000
130 Main St, Newark, NJ 07105
Mixed-use property with established bar/restaurant and two apartments.
Property Size6,500 SF
Lot Size0.09 Acres
Price / SF$369.23
Days on Market160
Property Features for 130 Main St
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,226
Amenities
Central air
2 Units Cooling
3 Units Heating
Central Air Cooling
Flat Roof
Forced Hot Air Heating
Building Details
Year Built
9999
Listing Agency:
KELLER WILLIAMS CITY VIEWS REALTY
(201) 592-8900
Listed By:
JOE PEIXINHO · License #9332741
Source:
Corcoran
Added: Mar 16
Changed: Aug 21
Last Checked: Aug 22 at 6:40AM
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).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,404
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,368,080
$2.4M
Cap Rate 7%
$1,691,486
$1.7M
Cap Rate 9%
$1,315,600
$1.3M
Market Conditions
NOI Build-Up for 6,500 SF
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.
Gross rent
$171.6K $26.40/SF
− Vacancy
−$13.7K −$2.11/SF
EGI
$157.9K $24.29/SF
− OpEx
−$39.5K −$6.07/SF
NOI
$118.4K $18.22/SF
Area
ZIP 07105
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,368,080
Cap Rate 7%
$1,691,486
Cap Rate 9%
$1,315,600
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07105, NJ
50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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).
