Restaurant and Bar with
For Sale
$975,000
386 E Westfield Ave, Roselle Park, NJ 07204
Fully equipped restaurant and bar with a three-bedroom apartment and capacity for 70 seats, plus on-site parking.
Property Size3,750 SF
Price / SF$260
Days on Market156
Property Features for 386 E Westfield Ave
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
7
Property subtype
Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$13,303
Amenities
Central air
Asphalt Shingle Roof
1 Unit Cooling
2 Units Heating
Blacktop Driveway
Central Air Cooling
Off-Street Parking
On-Street Parking
Parking Lot-Exclusive
Wall A/C Unit(s) Cooling
Building Details
Year Built
1950
Listing Agency:
COLDWELL BANKER REALTY
(908) 233-5555
Listed By:
ALAN A. RASMUSSEN
(908) 451-2844
Source:
Corcoran
Added: Jun 2
Changed: Aug 11
Last Checked: Aug 25 at 4:45AM
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 for-sale restaurant and bar property includes approximately 3,750 square feet and comes with the furniture, fixtures, and equipment included. The space is built around a dining room with hand-painted wall murals and a full bar with seating capacity for 70. The offering also includes a fully equipped kitchen, along with four bathrooms total, split between the restaurant and the apartment.
The property features a newer rooftop HVAC system and includes a 7-car parking lot. A Class C retailers liquor license is included with the sale.
The layout supports dual use as an operating restaurant/bar with an attached three-bedroom apartment, creating on-site living while maintaining a commercial concept. With the kitchen, bar, dining room, and liquor license already in place, the space is well-suited for an operator looking to open with minimal buildout and to combine business and residential needs in one purchase.
The property features a newer rooftop HVAC system and includes a 7-car parking lot. A Class C retailers liquor license is included with the sale.
The layout supports dual use as an operating restaurant/bar with an attached three-bedroom apartment, creating on-site living while maintaining a commercial concept. With the kitchen, bar, dining room, and liquor license already in place, the space is well-suited for an operator looking to open with minimal buildout and to combine business and residential needs in one purchase.
Key Highlights
- 3,750 SF restaurant/bar plus a spacious 3‑bedroom apartment
- Restaurant features include a dining room with hand‑painted wall murals and a 70‑seat bar
- Fully equipped kitchen and includes furniture, fixtures, and equipment
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
—
—
no second resolved use
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
90k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Warinanco Lake Snack Bar — Roselle, NJ 07203
- Lucky Bodega — 207 Chestnut St, Roselle, NJ 07203
- Dowling's Irish Pub & Restaurant — 117 Chestnut St, Roselle Park, NJ 07204
- Woulibam Roselle NJ — 524 E 2nd Ave, Roselle, NJ 07203
- 107 westfield avenue eats — 145 Acme St, Elizabeth, NJ 07202
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped restaurant and bar with a three-bedroom apartment and capacity for 70 seats, plus on-site parking.
Where is this bar & pub located?
The property is located at 386 E Westfield Ave 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 SF restaurant/bar plus a spacious 3‑bedroom apartment; Restaurant features include a dining room with hand‑painted wall murals and a 70‑seat bar; Fully equipped kitchen and includes furniture, fixtures, and equipment
