Operating Bar/Lounge in
For Sale
$399,900
Pending
157 Wilson Ave, Newark, NJ 07105
Fully operational bar/lounge with liquor license in Newark's Ironbound.
Property Size2,000 SF
Days on Market479
Property Features for 157 Wilson Ave
General Information
Standard status
Pending
Size
2,000 SF
Amenities
Central Air
Forced Air, Natural Gas
Partially Finished
On Street
Building Details
Building Size
2,000 SF
Listing Agency:
ROSA AGENCY
Listed By:
CARLA FERREIRA · License #295041
(201) 485-9720
Source:
Evrealestate
Added: Jun 16, 2025
Changed: Sep 21
Last Checked: Oct 5 at 5:57PM
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 ROSA AGENCY
Investment Insights
Based on property information with market context.
This is an opportunity to own a fully operational bar/lounge located in the Ironbound Section of Newark. The established venue includes a liquor license, bar equipment, and furnishings, making it ready for immediate operation. The property 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 intended use of the property is for a bar/lounge.
Key Highlights
- Fully operational bar/lounge ready for immediate operation.
- Includes a liquor license.
- Located in a high‑traffic area in Newark's Ironbound Section.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,432
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,640
$728.6K
Cap Rate 7%
$520,457
$520.5K
Cap Rate 9%
$404,800
$404.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$52.8K $26.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$48.6K $24.29/SF
− OpEx
−$12.1K −$6.07/SF
NOI
$36.4K $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 Rate 5%
$728,640
Cap Rate 7%
$520,457
Cap Rate 9%
$404,800
Alternative Uses
Best Use
Specialty Retail
$520.5K
$455.4K – $607.2K
NOI $36,432 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$436.3K
$381.8K – $509.0K
NOI $30,542 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$715.3K
$625.9K – $834.6K
NOI $50,074 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,287
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Apparel 13%
Dining 10%
Electronics 7%
BP
Shops & Services
14,035 visits/mo
0.5 miles
Bank of America
Shops & Services
13,516 visits/mo
0.5 miles
AutoZone
Shops & Services
9,499 visits/mo
0.3 miles
The Children's Place
Apparel
7,082 visits/mo
0.4 miles
Sunoco
Shops & Services
6,047 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully operational bar/lounge with liquor license in Newark's Ironbound.
Where is this bar & pub located?
The property is located at 157 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 ready for immediate operation.; Includes a liquor license.; Located in a high‑traffic area in Newark's Ironbound Section.
