Storefront Restaurant
For Sale
$950,000
14-16 E Mount Pleasant Avenue, Livingston, NJ 07039
For sale retail storefront building suited for conventional restaurant use in Livingston, NJ.
Property Size2,000 SF
Price / SF$475
Days on Market50
Property Features for 14-16 E Mount Pleasant Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Listing Agency:
(917) 362-6003
Listed By:
Jianning Meng
Source:
Lee-associates
Added: Jun 23
Changed: Jul 10
Last Checked: Aug 11 at 5:35AM
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 Jianning Meng
Investment Insights
Based on property information with market context.
This for-sale storefront property offers approximately 2,000 square feet and is described as a conventional restaurant/retail building. The asset is positioned as a commercial space where a restaurant concept can be operated within a straightforward storefront format.
The property is located at 14-16 E. Mount Pleasant Avenue in Livingston, New Jersey. It is presented as a retail-oriented building, making it suitable for buyers or operators looking for a street-facing restaurant setup.
With its combined restaurant and storefront classification, the building is a practical fit for a tenant seeking a conventional restaurant environment rather than a specialized facility. Prospective users and investors should evaluate the space layout and existing improvements during due diligence, using the stated building size and commercial configuration as a starting point for planning their operation.
The property is located at 14-16 E. Mount Pleasant Avenue in Livingston, New Jersey. It is presented as a retail-oriented building, making it suitable for buyers or operators looking for a street-facing restaurant setup.
With its combined restaurant and storefront classification, the building is a practical fit for a tenant seeking a conventional restaurant environment rather than a specialized facility. Prospective users and investors should evaluate the space layout and existing improvements during due diligence, using the stated building size and commercial configuration as a starting point for planning their operation.
Key Highlights
- Retail storefront building with approx. 2,000 SF
- Suited for conventional restaurant use
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
$30,586
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
3.22%
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%
$611,720
$611.7K
Cap Rate 7%
$436,943
$436.9K
Cap Rate 9%
$339,844
$339.8K
Market Conditions
NOI Build-Up for 2,000 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
$43.2K $21.60/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$40.8K $20.39/SF
− OpEx
−$10.2K −$5.10/SF
NOI
$30.6K $15.29/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$611,720
Cap Rate 7%
$436,943
Cap Rate 9%
$339,844
Alternative Uses
Best Use
Specialty Retail
$436.9K
$382.3K – $509.8K
NOI $30,586 @ 7.0% cap · market cap 3.22%
Second Best
Retail
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07039, NJ
31,325
Population
10,684
Households
2.9
Avg Household Size
43
Median Age
73%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
2,270
Density / Sq Mi
$218,416
Median Household Income
$111,109
Median Earnings
$2,953
Median Rent
$746,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale retail storefront building suited for conventional restaurant use in Livingston, NJ.
Where is this conventional restaurant located?
The property is located at 14-16 E Mount Pleasant Avenue Livingston, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Retail storefront building with approx. 2,000 SF; Suited for conventional restaurant use
