Equipped
319 South Orange Ave, South Orange, NJ 07079
For Sale
$279,000
The operating restaurant business is near Seton Hall University.
Property Size700 SF
Price / SF$398.57
Days on Market151
Property Features for 319 South Orange Ave
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Currently Operating
Building Details
Building Size
Listing Agency:
ROSA AGENCY
Listed By:
MICHAEL ROSA
(973) 589-7550
Source:
Tkregroupinc
Added: Jun 12
Changed: Nov 7
Last Checked: Nov 8 at 9:38PM
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
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.
An operating pizzeria business is offered with equipment in place. The property is at 319 South Orange Ave in South Orange Village Township, near Seton Hall University.
Key Highlights
- Operating pizzeria business with equipment included
- Near Seton Hall University
- 319 South Orange Ave, South Orange Village Township, NJ 07079
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,705
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,100
$214.1K
Cap Rate 7%
$152,929
$152.9K
Cap Rate 9%
$118,944
$118.9K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$15.1K $21.60/SF
− Vacancy
−$847 −$1.21/SF
EGI
$14.3K $20.39/SF
− OpEx
−$3.6K −$5.10/SF
NOI
$10.7K $15.29/SF
Area
Essex 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%
$214,100
Cap Rate 7%
$152,929
Cap Rate 9%
$118,944
Alternative Uses
Best Use
Specialty Retail
$152.9K
$133.8K – $178.4K
NOI $10,705 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
6,109 visits/mo
0.5 miles
Demographics for 07079, NJ
18,597
Population
6,131
Households
3
Avg Household Size
34
Median Age
76%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
6,413
Density / Sq Mi
$184,769
Median Household Income
$75,829
Median Earnings
$2,067
Median Rent
$808,100
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Essex County, NJ
Properties on Market for Conventional restaurants in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operating restaurant business is near Seton Hall University.
Where is this conventional restaurant located?
The property is located at 319 South Orange Ave South Orange, NJ.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Operating pizzeria business with equipment included; Near Seton Hall University; 319 South Orange Ave, South Orange Village Township, NJ 07079
