Turn-Key Lounge and
428 Central Avenue East Orange, NJ 07018
428 Central Avenue, East Orange, NJ, 07018
Contact for pricing
For Sale
Contact for pricing
East Orange lounge and bar with plenary retail consumption license.
Property Size7,500 SF
Price / SF$200
Days on Market160
Property Features for 428 Central Avenue
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Schiavone & Associates
Listed by
David Schiavone · License #1430754
Source
Crexi
Added: Feb 11 Updated: Jul 6 at 12:34PM Checked: Jul 20 at 3:33AM
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 Schiavone & Associates
Investment Insights
Based on property information with market context.
This turn-key lounge and bar is located in the heart of East Orange. The highly visible commercial property offers approximately 7500 square feet and can comfortably seat 100 patrons. The interior of the building was completely remodeled in 2015, providing a modern and inviting atmosphere. The sale includes a Plenary Retail Consumption (C) liquor license. The first floor features a remodeled bar with ample seating, surrounded by multiple TVs. A commercial kitchen is equipped with the necessary equipment for food service operations. The second level offers tables and chairs set up for dining, while the rear bar area has been fully remodeled and includes DJ speakers above the bar and a dedicated loft-style DJ booth, along with additional seating. The property also includes two residential apartments: one four-bedroom, one-bath unit and one two-bedroom, one-bath unit. A full basement offers abundant storage space. This is a versatile property with endless possibilities. It is within walking distance to the East Orange Train Station with an approximate 25-minute commute to New York City, making this an ideal location for both business and residential use.
Key Highlights
- Includes a Plenary Retail Consumption (C) liquor license.
- Turn‑key lounge and bar in a highly visible location.
- Approximately 7500 sq ft with seating for 100 patrons.
Local Financial Insights For Apartment 5plus
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 | $225.0k | $30.00 |
| − Vacancy | −$15.3k | −$2.04 |
| EGI | $209.7k | $27.96 |
| − OpEx | −$94.4k | −$12.58 |
| NOI | $115.3k | $15.38 |
7,500 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,335 @ 7.0% cap · market cap 7.69%
Second Best
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,696 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,088 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mrs. G's restaurant ...
Bar & Pub
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- Lillian's Tremont Lounge — 199 Tremont Ave, Newark, NJ 07106
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- Mrs. G's restaurant & lounge — 428 Central Ave, East Orange, NJ 07018
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- NOLASCO CONSTRUCTION. LLC — 377 S Harrison St # 17 kk, East Orange, NJ 07018
FAQs
What type of property is this?
Bar & Pub - East Orange lounge and bar with plenary retail consumption license.
Where is this bar & pub located?
The property is located at 428 Central Avenue East Orange, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Includes a Plenary Retail Consumption (C) liquor license.; Turn‑key lounge and bar in a highly visible location.; Approximately 7500 sq ft with seating for 100 patrons.
