Restaurant Bar with Rooftop
386 E Westfield Ave Roselle Park, NJ 07204
For Sale
Contact for pricing
Turnkey restaurant and bar operation with a 70-seat capacity, fully equipped kitchen, and included on-site apartment and parking.
Property Size3,750 SF
Price / SF$260
Days on Market52
Property Features for 386 E Westfield Ave
General Information
Standard status
Active
Size
3,750 SF
Property subtype
RETAIL
Listing Agency:
Coldwell Banker Commercial NRT
(908) 451-2844
Listed By:
Alan Rasmussen
Source:
Moodyscre
Added: Jun 8
Changed: Jul 10
Last Checked: Jul 22 at 4:09AM
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 Commercial NRT
Investment Insights
Based on property information with market context.
This offering is a 3,750-square-foot restaurant/bar that comes with all furniture, fixtures, and equipment. The space includes a fully equipped kitchen, a dining room with hand-painted wall murals, and a bar designed for a 70-seat capacity. There are four bathrooms total, with two serving the restaurant and two serving the attached 3-bedroom apartment. The property also includes a newer rooftop HVAC.
The building is located on Westfield Avenue in Roselle Park, NJ, and is described as being on a busy avenue. In addition to the interior improvements, it includes a 7-car parking lot to support customer and staff parking.
This configuration is well suited for an owner-operator or buyer seeking a turnkey restaurant/bar with an income-supporting residential component on-site. The inclusion of a Class C retailers liquor license may support alcohol service operations, subject to applicable requirements. With a complete setup for day-to-day operations, the property is designed for immediate restaurant and bar use, while the apartment provides additional flexibility for an operator or household needs.
The building is located on Westfield Avenue in Roselle Park, NJ, and is described as being on a busy avenue. In addition to the interior improvements, it includes a 7-car parking lot to support customer and staff parking.
This configuration is well suited for an owner-operator or buyer seeking a turnkey restaurant/bar with an income-supporting residential component on-site. The inclusion of a Class C retailers liquor license may support alcohol service operations, subject to applicable requirements. With a complete setup for day-to-day operations, the property is designed for immediate restaurant and bar use, while the apartment provides additional flexibility for an operator or household needs.
Key Highlights
- 3,750 sq. ft. restaurant/bar with a 70‑seat capacity bar
- Fully equipped kitchen and dining room with hand‑painted wall murals
- Two restaurant bathrooms and two apartment bathrooms
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $21.60 |
| − Vacancy | −$4.5k | −$1.21 |
| EGI | $76.5k | $20.39 |
| − OpEx | −$19.1k | −$5.10 |
| NOI | $57.3k | $15.29 |
3,750 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lucky Bodega — 207 Chestnut St, Roselle, NJ 07203
- Woulibam Roselle NJ — 524 E 2nd Ave, Roselle, NJ 07203
- Warinanco Lake Snack Bar — Roselle, NJ 07203
- 107 westfield avenue eats — 145 Acme St, Elizabeth, NJ 07202
- Dowling's Irish Pub & Restaurant — 117 Chestnut St, Roselle Park, NJ 07204
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant and bar operation with a 70-seat capacity, fully equipped kitchen, and included on-site apartment and 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 sq. ft. restaurant/bar with a 70‑seat capacity bar; Fully equipped kitchen and dining room with hand‑painted wall murals; Two restaurant bathrooms and two apartment bathrooms
