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Restaurant with Bar

27 Westfield Ave, Elizabeth, NJ 07208

For Sale
$1,200,000

The dining operation includes commercial cooking equipment, dedicated bar service, and a transferable liquor license.

Property SizeContact for details
Days on Market41

Property Features for 27 Westfield Ave

General Information

Standard status Active
Property subtype Business

Restaurant

Commercial Hood Yes
Liquor License Yes
Listing Agency: SIGNATURE REALTY NJ
Listed By: PABLO A. BOCCARDO
Source: Brentsellsnj
Added: Sep 30 Changed: Nov 8 Last Checked: Nov 8 at 7:23AM

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 SIGNATURE REALTY NJ

Rey
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Investment Insights

Based on property information with market context.

This restaurant property includes dining and bar areas with seating for 140+ guests. The kitchen has commercial gas cooking equipment and heavy-duty exhaust hoods, while walk-in coolers and freezers support food storage. Additional back-of-house space provides storage, and staff are in place.

A long-term lease is in place, with renewal options. The liquor license is transferable.

Key Highlights

  • Dining and bar areas accommodate 140+ guests
  • Commercial gas kitchen with heavy‑duty hoods and cooking equipment
  • Walk‑in coolers and freezers, plus substantial back‑of‑house storage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

La Mexicana Bar ... Restaurant Rancho Mateo Restaurant

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Gym & Fitness Center Pet Store Pet Store & Service Restaurant

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

Yes
Commercial hood
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

3,003
Businesses Nearby
193k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 47% Shops & Services 36% Apparel 14% Electronics 3%
Wendy's Dining
22,174 visits/mo 0.3 miles
McDonald's Dining
17,774 visits/mo 0.4 miles
Shoppers World Apparel
15,617 visits/mo 0.2 miles
BP Shops & Services
15,037 visits/mo 0.4 miles
Wells Fargo Shops & Services
14,988 visits/mo 0.2 miles

Demographics for 07208, NJ

33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Restaurants in Elizabeth, NJ

$426 Jul
$434 Aug
$372 Sep
$509 Oct

Properties on Market for Restaurants in Elizabeth

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • Flavor Bliss Catering Services — 42 Broad St, Elizabeth, NJ 07202
  • UMUTfoodsupplier.com — 899 E Jersey St, New York, NJ 07201
  • Hadez Food Truck — 846 Bishop St, Union, NJ 07083

Frequently Asked Questions

What type of property is this?
Restaurant - The dining operation includes commercial cooking equipment, dedicated bar service, and a transferable liquor license.
Where is this restaurant located?
The property is located at 27 Westfield Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Dining and bar areas accommodate 140+ guests; Commercial gas kitchen with heavy‑duty hoods and cooking equipment; Walk‑in coolers and freezers, plus substantial back‑of‑house storage
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