Sports Bar & Restaurant
For Sale
$550,000
580 Ridge Rd, North Arlington, NJ 07031
Thriving sports bar and restaurant near MetLife Stadium for sale.
Property Size3,000 SF
Price / SF$183.33
Days on Market205
Property Features for 580 Ridge Rd
General Information
Standard status
Active
Property type
Bars & Pubs, Other retail properties, Restaurants, Retail properties & Spaces
Size
3,000 SF
Sale Condition
Lease Option
Investment Type
Net Lease
Building Details
Year Renovated
2021
Stories
1
Listed By:
David Naseef
(973) 886-2709
Added: Mar 23
Changed: Apr 8
Investment Insights
Based on property information with market context.
This is an opportunity to own and create a sports bar and restaurant in North Arlington, New Jersey, near MetLife Stadium. The business is a turnkey operation with a customer base, modern finishes, and accessibility. The sale includes the business, liquor license, and lease. The business is currently closed. There is room for expansion with recently added space next door. The property is being sold with existing plans for restaurant expansion. The property offers on-site parking. The property size is approximately 3000 square feet. The current total rent is $8200, broken down as $5500 and $2700 for both spaces, but can be divided in the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,878
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,560
$917.6K
Cap Rate 7%
$655,400
$655.4K
Cap Rate 9%
$509,756
$509.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$61.2K $20.39/SF
− OpEx
−$15.3K −$5.10/SF
NOI
$45.9K $15.29/SF
Area
Bergen 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 Rate 5%
$917,560
Cap Rate 7%
$655,400
Cap Rate 9%
$509,756
Alternative Uses
Best Use
Specialty Retail
$655.4K
$573.5K – $764.6K
NOI $45,878 @ 7.0% cap · market cap 8.34%
Second Best
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Dollar General
Shops & Services
13,963 visits/mo
0.5 miles
Bank of America
Shops & Services
10,880 visits/mo
0.3 miles
Chase Bank
Shops & Services
7,036 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,623 visits/mo
0.4 miles
Gulf Oil
Shops & Services
3,893 visits/mo
0.3 miles
Demographics for 07031, NJ
16,457
Population
6,986
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,583
Density / Sq Mi
$101,493
Median Household Income
$64,840
Median Earnings
$1,706
Median Rent
$464,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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- 1 Republik North Arlington — 26 Ridge Rd, North Arlington, NJ 07031
- Fusion Latina Restaurant — 866 Kearny Ave, Kearny, NJ 07032
Frequently Asked Questions
What type of property is this?
Bar & Pub - Thriving sports bar and restaurant near MetLife Stadium for sale.
Where is this bar & pub located?
The property is located at 580 Ridge Rd North Arlington, NJ.
What is the asking price?
The asking price for this property is $550,000.
