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Renovated 2023 Bar & Karaoke Space
For Lease
$3,200/Mo

541 Union Avenue, Paterson, NJ 07522

Renovated 2023 mixed-use building with a centrally cooled first-floor bar and karaoke setup without a liquor license.

Space SizeContact for details
Days on Market199

Property Features for 541 Union Avenue

General Information

Standard status Active
Property subtype Retail

Taxes and HOA fees

Annual Taxes $10,932

Building Details

Year Renovated 2023
Listing Agency: Century 21 JR Gold Team Realty, LLC
Listed By: Johnny Rojas · License #0017014
Source: Tarvinrealtors
Added: Mar 4 Changed: Sep 9 Last Checked: Sep 19 at 12:45PM

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 Century 21 JR Gold Team Realty, LLC

Investment Insights

Based on property information with market context.

A totally renovated 2023 mixed-use building offering a first-floor bar and karaoke concept with sports programming. The space is described as a rental without a liquor license and includes central air and a full unfinished basement with a 1/2 bath.

The bar build-out includes brand new refrigeration equipment and bar support equipment, including 2 glass door back bar coolers, a bottle cooler, an ICE machine, a 3-compartment sink plus an additional sink, and 2 ice bins with 7 circuit boards. Additional features include a glass rack, a glass washer machine, and a 2-soda gun system connected to the ice bin, along with an additional standing freezer (apartment). Interior finishes and presentation details include a granite countertop, crown molding, LED lighting, and recessed ceiling lighting with hardwood flooring.

The entertainment and connectivity package is extensive, with 2 JBL in-ceiling speakers, a SONOS system, 13 Samsung Smart TVs, and fully wired Ethernet cabling for every Smart TV, plus HDMI wiring for every Smart TV. The setup also includes an HDMI switch and HDMI splitter, an EPSON projector with a 120' electric screen, and a digital LED display for the front window. The unit is described as fully wired with HDMI and Ethernet for the TVs and presentation systems.

Key Highlights

  • Totally renovated 2023 mixed‑use building with a bar and karaoke setup
  • First‑floor operation described as rental with out liquor lic
  • Central air and full unfinished basement with a 1/2 bath

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Catering Service Nursing Home Garden Center Veterinary Clinic Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,353
Businesses Nearby
84k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 52% Dining 37% Home Improvements & Furnishings 8% Electronics 2%
Dollar Tree Shops & Services
17,775 visits/mo 0.5 miles
Family Dollar Shops & Services
12,242 visits/mo 0.4 miles
Dunkin' Donuts Dining
10,207 visits/mo 0.4 miles
Checkers Dining
8,796 visits/mo 0.0 miles
Burger King Dining
7,341 visits/mo 0.4 miles

Demographics for 07522, NJ

23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bar & Pub - Renovated 2023 mixed-use building with a centrally cooled first-floor bar and karaoke setup without a liquor license.
Where is this bar & pub located?
The property is located at 541 Union Avenue Paterson, NJ.
What is the lease rate?
The lease rate is $3,200/Mo.
What are key features of this property?
This property features: Totally renovated 2023 mixed‑use building with a bar and karaoke setup; First‑floor operation described as rental with out liquor lic; Central air and full unfinished basement with a 1/2 bath
More about this property
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