Bar & Pub With
For Sale
$1,300,000
400 SEATON AVE Unit 400, Roselle Park, NJ 07204
Commercial kitchen and refrigeration support restaurant operations at this corner-lot property.
Property Size4,000 SF
Price / SF$325
Days on Market603
Property Features for 400 SEATON AVE Unit 400
General Information
Standard status
Active
Size
4,000 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$15,068
Amenities
3
Asphalt Shingle
B-1
Corner Lot.
60X100IRR, 60X100IRR
Corner.
Building Details
Year Built
1967
Listing Agency:
RE/MAX 1ST ADVANTAGE
(732) 382-0200
Listed By:
TODD V. HIGGINS · License #16853
Source:
Xome
Added: Jan 4, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:59PM
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 RE/MAX 1ST ADVANTAGE
Investment Insights
Based on property information with market context.
This 4,000-square-foot bar and restaurant property includes a commercial kitchen and refrigeration equipment. The building was constructed in 1967 and is configured for food-and-beverage operations. A Class / Broad C liquor license is identified with the property information.
Located at 400 SEATON AVE Unit 400 in Roselle Park, New Jersey, the property occupies a corner lot with an asphalt shingle exterior. The site is described as B-1 and measures 60X100IRR, 60X100IRR. The address places the property within the Roselle Park market and provides a defined commercial setting for the existing bar and restaurant use.
Located at 400 SEATON AVE Unit 400 in Roselle Park, New Jersey, the property occupies a corner lot with an asphalt shingle exterior. The site is described as B-1 and measures 60X100IRR, 60X100IRR. The address places the property within the Roselle Park market and provides a defined commercial setting for the existing bar and restaurant use.
Key Highlights
- 4,000‑square‑foot bar and restaurant property
- Commercial kitchen with refrigeration equipment
- Class / Broad C liquor license identified
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,171
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,223,420
$1.2M
Cap Rate 7%
$873,871
$873.9K
Cap Rate 9%
$679,678
$679.7K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$81.6K $20.39/SF
− OpEx
−$20.4K −$5.10/SF
NOI
$61.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,223,420
Cap Rate 7%
$873,871
Cap Rate 9%
$679,678
Alternative Uses
Best Use
Specialty Retail
$873.9K
$764.6K – $1.02M
NOI $61,171 @ 7.0% cap · market cap 4.71%
Second Best
Industrial
$641.4K
$561.2K – $748.3K
NOI $44,897 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
140k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 42%
Home Improvements & Furnishings 3%
Wawa
Shops & Services
41,086 visits/mo
0.5 miles
McDonald's
Dining
33,421 visits/mo
0.4 miles
Wendy's
Dining
23,826 visits/mo
0.5 miles
BP
Shops & Services
9,772 visits/mo
0.5 miles
Burger King
Dining
7,849 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Frenchy's Bar & Grill — 545 Westfield Ave W, Roselle Park, NJ 07204
- Lucky Bodega — 207 Chestnut St, Roselle, NJ 07203
- Dowling's Irish Pub & Restaurant — 117 Chestnut St, Roselle Park, NJ 07204
- Crabbae Kenilworth — 303 S Michigan Ave, Kenilworth, NJ 07033
- La Campagnola Fine Italian Restaurant — 520 S 31st St, Kenilworth, NJ 07033
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial kitchen and refrigeration support restaurant operations at this corner-lot property.
Where is this bar & pub located?
The property is located at 400 SEATON AVE Unit 400 Roselle Park, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,000‑square‑foot bar and restaurant property; Commercial kitchen with refrigeration equipment; Class / Broad C liquor license identified
