Nightclub with Attached
For Sale
$950,000
1553-1555 Summit Ave #1553, Hillside, NJ 07205
The transfer includes a liquor license, inventory, furnishings, fixtures, and a security system.
Property Size2,900 SF
Price / SF$327.59
Days on Market198
Property Features for 1553-1555 Summit Ave #1553
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Zoning
R40T
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Building Details
Building Size
2,900 SF
Year Built
1944
Stories
2
Units
2
Listing Agency:
Corcoran Sawyer Smith
(201) 610-1010
Listed By:
David Lincoln Wilson
(201) 653-8000
Source:
Cammarotarealestate
Added: Apr 9
Changed: Oct 22
Last Checked: Oct 22 at 2:29PM
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 Corcoran Sawyer Smith
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This nightclub property at 1553-1555 Summit Ave in Hillside Township includes an attached unit described as producing income. The sale also covers a liquor license, inventory, a security system, furniture, and fixtures. The property is listed at 2,900 in size and was built in 1944.
The business has operated for 15 years and features food, beverages, and live DJ entertainment.
The business has operated for 15 years and features food, beverages, and live DJ entertainment.
Key Highlights
- Attached unit provides an additional income component
- Sale includes a liquor license, inventory, security system, furniture, and fixtures
- Property size: 2,900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,349
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,980
$887.0K
Cap Rate 7%
$633,557
$633.6K
Cap Rate 9%
$492,767
$492.8K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$62.6K $21.60/SF
− Vacancy
−$3.5K −$1.21/SF
EGI
$59.1K $20.39/SF
− OpEx
−$14.8K −$5.10/SF
NOI
$44.3K $15.29/SF
Area
Union 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 Rate 5%
$886,980
Cap Rate 7%
$633,557
Cap Rate 9%
$492,767
Alternative Uses
Best Use
Specialty Retail
$633.6K
$554.4K – $739.2K
NOI $44,349 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,825
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
14,419 visits/mo
0.4 miles
Sunoco
Shops & Services
8,289 visits/mo
0.5 miles
Demographics for 07205, NJ
22,432
Population
7,550
Households
3
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
8,011
Density / Sq Mi
$98,558
Median Household Income
$47,633
Median Earnings
$1,712
Median Rent
$363,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Lekki Lounge NJ — 256 Hollywood Ave, Hillside, NJ 07205
- Regional Bar — 430 Long Ave, Hillside, NJ 07205
- Tankys Bar & Grill — 330 Long Ave, Hillside, NJ 07205
- El Sabor Criollo — 240 Long Ave, Hillside, NJ 07205
- Carli's Lounge — 1555 Summit Ave, Hillside, NJ 07205
Frequently Asked Questions
What type of property is this?
Night club - The transfer includes a liquor license, inventory, furnishings, fixtures, and a security system.
Where is this night club located?
The property is located at 1553-1555 Summit Ave #1553 Hillside, 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: Attached unit provides an additional income component; Sale includes a liquor license, inventory, security system, furniture, and fixtures; Property size: 2,900
