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Restaurant and Bar Space
For Sale
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196 Newark Avenue, Jersey City, NJ 07302

Existing kitchen equipment, furniture, and fixtures are included with the leased space.

Property SizeContact for details
Days on Market44

Property Features for 196 Newark Avenue

General Information

Standard status Active
Property subtype Retail, Business for Sale

Additional Details

Furnished Yes
Business Included Yes
Equipment Included Yes
Listing Agency: Prominent Properties Sotheby's International Realty
Listed By: Basilio Rivera · License #1008875
Source: Crexi
Added: Aug 13 Changed: Sep 24 Last Checked: Sep 24 at 3:10PM

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 Prominent Properties Sotheby's International Realty

Investment Insights

Based on property information with market context.

The restaurant space is configured for food and beverage service and includes kitchen equipment, furniture, and fixtures. A long-term lease is in place, and the property is located at 196 Newark Avenue in Jersey City’s pedestrian plaza district.

Key Highlights

  • Kitchen equipment, furniture, and fixtures are included
  • Long‑term lease in place
  • Located at 196 Newark Avenue in Jersey City’s pedestrian plaza district

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Nursing Home Tattoo & Piercing Shop Tanning Salon (Bike/Boat/Book/etc) Store Adult Day Care Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

6,677
Businesses Nearby
296k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 40% Superstores 26% Apparel 13% Dining 8%
BJ's Wholesale Club Superstores
76,178 visits/mo 0.3 miles
ShopRite Groceries
66,970 visits/mo 0.3 miles
99 Ranch Market Groceries
41,102 visits/mo 0.4 miles
JCPenney Apparel
37,894 visits/mo 0.4 miles
Shake Shack Dining
12,047 visits/mo 0.2 miles

Demographics for 07302, NJ

57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • KPOT Korean BBQ & Hot Pot — 414 Grand St Suite 21, Jersey City, NJ 07302

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Existing kitchen equipment, furniture, and fixtures are included with the leased space.
Where is this conventional restaurant located?
The property is located at 196 Newark Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Kitchen equipment, furniture, and fixtures are included; Long‑term lease in place; Located at 196 Newark Avenue in Jersey City’s pedestrian plaza district
(201) 333-7717 Call to check price and availability
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