Established Tavern with Residential
For Sale
$899,999
45 Freeman Street, West Orange, NJ 07052
Well-established tavern with liquor license, kitchen, and residential apartment.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market227
Property Features for 45 Freeman Street
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,827
Amenities
Display Window
Off Street
On Street
Radiant Heating
Shingle Roof
Building Details
Year Built
1951
Listing Agency:
ARTHUR RUE AGENCY
(732) 793-0473
Listed By:
ANTHONY CONSELICE · License #7937355
Source:
Corcoran
Added: Jan 7
Changed: Aug 22
Last Checked: Aug 22 at 7:58AM
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 ARTHUR RUE AGENCY
Investment Insights
Based on property information with market context.
This well-established tavern, complete with a package good liquor license, kitchen, and real estate including a large residential apartment, is now available. The tavern has been a neighborhood destination in the West Orange Valley community for over four decades, known for its welcoming atmosphere. This turnkey operation offers immediate cash flow and long-term asset appreciation. The property is situated in the Valley Arts District, a vibrant area known for its walkability and proximity to local amenities, and located just two blocks from the New York Mid-town Direct Train. Over 250 new apartments are located nearby, with additional new residential units planned. This location presents an opportunity for an experienced operator to increase business. The sale includes prime real estate ownership, an active NJ liquor license for bar and package goods, a fully equipped kitchen, a complete bar setup, and furniture, fixtures, and equipment. The facilities include a bar, backyard, and residential apartment. The location is in West Orange, New Jersey.
Key Highlights
- Prime real estate ownership included with the sale, representing a valuable and appreciating asset
- Active NJ liquor license (bar and package goods) included, a significant and valuable barrier to entry
- Turnkey operation with immediate cash flow potential and a proven track record of over 40 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
70k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 31%
Groceries 26%
Bravo Supermarkets
Groceries
17,762 visits/mo
0.2 miles
White Castle
Dining
15,037 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,616 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,013 visits/mo
0.5 miles
TD Bank
Shops & Services
4,635 visits/mo
0.2 miles
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Scotland Arms Liquors — 711 Scotland Rd, City of Orange, NJ 07050
- Last Call Mixology — 406 Tompkins St, City of Orange, NJ 07050
- APT 15 — 491 Valley St, City of Orange, NJ 07050
- Hat City Kitchen — 459 Valley St, City of Orange, NJ 07050
- South Valley BBQ and Lounge — 34 S Valley Rd, West Orange, NJ 07052
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-established tavern with liquor license, kitchen, and residential apartment.
Where is this bar & pub located?
The property is located at 45 Freeman Street West Orange, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Prime real estate ownership included with the sale, representing a valuable and appreciating asset; Active NJ liquor license (bar and package goods) included, a significant and valuable barrier to entry; Turnkey operation with immediate cash flow potential and a proven track record of over 40 years
