Restaurant-Bar with
For Sale
$975,000
386 E Westfield Ave #386, Roselle Park, NJ 07204
A commercial mixed-use property combines restaurant space with a three-bedroom apartment and included furnishings, fixtures, and equipment.
Property Size3,750 SF
Price / SF$260
Days on Market144
Property Features for 386 E Westfield Ave #386
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
Commercial
Restaurant
Seating Capacity
70
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Building Details
Building Size
3,750 SF
Year Built
1950
Stories
2
Units
2
Listing Agency:
Coldwell Banker Realty
(908) 233-5555
Listed By:
Alan A. Rasmussen
(908) 451-2844
Source:
Cammarotarealestate
Added: Jun 2
Changed: Oct 22
Last Checked: Oct 22 at 2:39PM
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 Coldwell Banker Realty
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.
This 3,750-square-foot restaurant and bar property includes a fully equipped kitchen, dining room, and bar with 70-seat capacity. Furniture, fixtures, and equipment are included, along with a Class C Retailers Liquor License. A three-bedroom apartment is part of the property, and the building has four bathrooms: two serving the restaurant and two serving the apartment. A newer rooftop HVAC system and a seven-car parking lot are also included. The property was built in 1950 and is zoned Commercial.
Key Highlights
- 3,750 square feet of restaurant and bar space with a three‑bedroom apartment
- Bar has a 70‑seat capacity
- Class C Retailers Liquor License included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,348
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,960
$1.1M
Cap Rate 7%
$819,257
$819.3K
Cap Rate 9%
$637,200
$637.2K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$81.0K $21.60/SF
− Vacancy
−$4.5K −$1.21/SF
EGI
$76.5K $20.39/SF
− OpEx
−$19.1K −$5.10/SF
NOI
$57.3K $15.29/SF
Area
Union 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%
$1,146,960
Cap Rate 7%
$819,257
Cap Rate 9%
$637,200
Alternative Uses
Best Use
Specialty Retail
$819.3K
$716.9K – $955.8K
NOI $57,348 @ 7.0% cap · market cap 5.88%
Second Best
Mixed Use
$707.1K
$618.8K – $825.0K
NOI $49,500 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$979.2K
$856.8K – $1.14M
NOI $68,544 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 33%
Electronics 5%
Dining 2%
The Home Depot
Home Improvements & Furnishings
29,814 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,289 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,851 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,464 visits/mo
0.1 miles
AutoZone
Shops & Services
6,026 visits/mo
0.5 miles
Demographics for 07204, NJ
13,984
Population
5,373
Households
2.6
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
11,653
Density / Sq Mi
$104,418
Median Household Income
$55,974
Median Earnings
$1,585
Median Rent
$405,800
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial mixed-use property combines restaurant space with a three-bedroom apartment and included furnishings, fixtures, and equipment.
Where is this mixed-use property located?
The property is located at 386 E Westfield Ave #386 Roselle Park, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,750 square feet of restaurant and bar space with a three‑bedroom apartment; Bar has a 70‑seat capacity; Class C Retailers Liquor License included
