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    157-161 Wilson Ave Newark, NJ 07105

    For Sale
    $399,900

    Fully operational bar/lounge with liquor license in Newark's Ironbound.

    Property Features for 157-161 Wilson Ave

    General Information

    Standard status
    Active

    Source: ROSA AGENCY-IRONBOUND, LLC Agent CARLA DE MELLO-FERREIRA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Operating Bar/Lounge in Ironbound Section

    This is an opportunity to own a fully operational bar/lounge located in the Ironbound Section of Newark. The venue is well established and includes a liquor license, bar equipment, and furnishings, making it ready for immediate operation. It is strategically located in a high-traffic area known for its nightlife and dining scene. This space is suitable for entrepreneurs, investors, or hospitality professionals looking to expand or start a new venue. The property is zoned for bars, restaurants, and retail properties.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Flore Do Minho, Europa Liquors, San Diablo Lounge, Zip Zip Snack Bar, Taste of Portugal

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1506726
    Latitude
    40.7230801

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    FAQs

    What type of property is this?
    Bar - Fully operational bar/lounge with liquor license in Newark's Ironbound.
    Where is this bar located?
    The property is located at 157-161 Wilson Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Fully operational bar/lounge with liquor license, equipment, and furnishings included.; - Prime location in the heart of Newark's vibrant Ironbound section.; - High-traffic area known for its bustling nightlife and dining scene.
    (973) 589-7550
    Request Owner's contact information
    157-161 Wilson Ave Newark, NJ 07105
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157-161 Wilson Ave Newark, NJ 07105
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