Renovated Portuguese
For Sale
$180,000
367 Chestnut St, Union, NJ 07083
A 20-year lease term is associated with this restaurant offering.
Property Size2,500 SF
Price / SF$72
Days on Market50
Property Features for 367 Chestnut St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Business
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Building Size
2,500 SF
Listing Agency:
INVESTORS REALTY INC
Listed By:
MARIO MENDOZA · License #214124
(908) 212-3635
Source:
Tkregroupinc
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 3 at 9:01AM
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 INVESTORS REALTY INC
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Investment Insights
Based on property information with market context.
This 2,500-square-foot restaurant in Union Township, New Jersey, has been renovated and is presented as a Portuguese dining operation. A 20-year lease term is noted for the premises.
Key Highlights
- 2,500‑square‑foot restaurant
- Renovated Portuguese restaurant
- 20‑year lease term
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
115k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 30%
Groceries 24%
Beauty & Spa 3%
Seabra's Market
Groceries
27,031 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,555 visits/mo
0.1 miles
7-Eleven
Shops & Services
9,151 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,140 visits/mo
0.1 miles
Bank of America
Shops & Services
8,929 visits/mo
0.1 miles
Demographics for 07083, NJ
56,131
Population
20,792
Households
2.7
Avg Household Size
41
Median Age
41%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
6,452
Density / Sq Mi
$118,106
Median Household Income
$58,443
Median Earnings
$1,938
Median Rent
$425,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 20-year lease term is associated with this restaurant offering.
Where is this conventional restaurant located?
The property is located at 367 Chestnut St Union, NJ.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 2,500‑square‑foot restaurant; Renovated Portuguese restaurant; 20‑year lease term
