Restaurant with Rental Income
15 Main St Clinton, NJ 08809
15 Main St, Clinton, NJ, 08809
$1,500,000
For Sale
$1,500,000
Restaurant, equipment, rental units, and building lot for sale.
Property Size3,200 SF
Lot Size0.08 Acres
Price / SF$468.75
Days on Market168
Property Features for 15 Main St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.08 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency
HAVEN REAL ESTATE COLLECTIVE
(908) 224-2836
Listed by
ROBERT H STEEG
Source
Corcoran
Added: Feb 2 Updated: Jul 6 at 9:55 am Checked: Jul 20 at 4:07 am
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 HAVEN REAL ESTATE COLLECTIVE
Investment Insights
Based on property information with market context.
The sale includes the real estate, business, and equipment of Dora Restaurant, a long-established upscale modern restaurant. The restaurant features an outdoor dining area and operates as a BYOB establishment, as it does not have a liquor license. The property also includes two upstairs rental units, providing additional income potential. Furthermore, the sale encompasses a separate building lot next door, complete with building plans. The property size is 3200 square feet.
Key Highlights
- Sale includes real estate, established Dora Restaurant business, and equipment.
- Two upstairs rental units provide income potential.
- Includes a separate building lot next door with building plans.
Local Financial Insights For Multifamily LT 5
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 | $81.8k | $25.56 |
| − Vacancy | −$5.3k | −$1.65 |
| EGI | $76.5k | $23.91 |
| − OpEx | −$23.0k | −$7.17 |
| NOI | $53.6k | $16.74 |
3,200 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$765.1K
$669.5K – $892.6K
NOI $53,556 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$703.0K
$615.1K – $820.2K
NOI $49,210 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$835.6K
$731.1K – $974.9K
NOI $58,491 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Conventional restaurant - Restaurant, equipment, rental units, and building lot for sale.
Where is this conventional restaurant located?
The property is located at 15 Main St Clinton, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Sale includes real estate, established Dora Restaurant business, and equipment.; Two upstairs rental units provide income potential.; Includes a separate building lot next door with building plans.
