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    455 Passaic St Hackensack, NJ 07601

    For Sale
    $175,000

    Restaurant space with seating for 100, fully equipped and ready.

    Property Features for 455 Passaic St

    General Information

    Standard status
    Active

    Source: KELLER WILLIAMS TOWN LIFE Agent IRIS HUERTAS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant Opportunity For Sale

    This is a restaurant opportunity situated on a highly traveled road, benefiting from strong daytime and evening demographics. The turn-key space offers approximately 2,200 square feet with seating for about 100 guests and convenient on-site parking. Currently operating as a Latin restaurant, it features a fully equipped kitchen, a full basement, and a walk-in refrigerator. All equipment is reported to be in excellent condition. The property is BYOB and ready for immediate operation, suitable for continuing the current concept or adapting to a variety of cuisines. Favorable lease terms with a 5-year option are in place, providing a foundation for a restaurant venture.
    Location Intelligence

    Current Use by Public Records

    El Rio Nilo ... Dominican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    FH Catering, Bourbon BBQ & Catering, Cast Iron Catering, Royalty Catering

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0568838
    Latitude
    40.8995933

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space with seating for 100, fully equipped and ready.
    Where is this restaurant located?
    The property is located at 455 Passaic St Hackensack, NJ.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Turn-key restaurant space with fully equipped kitchen and seating for 100.; - High-traffic location with strong daytime and evening demographics.; - Favorable lease terms with a 5-year option.
    (201) 894-8004
    Request Owner's contact information
    455 Passaic St Hackensack, NJ 07601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    455 Passaic St Hackensack, NJ 07601
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