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
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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.
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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
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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
