Restaurant Property with Liquor
594 S Orange Ave, Newark, NJ 07106
For Sale
$1,000,000
The offering combines the real estate with an established sandwich business and liquor license.
Property Size3,942 SF
Price / SF$253.68
Days on Market21
Property Features for 594 S Orange Ave
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Business Included
Site & Location
Neighborhood
Additional Details
Liquor License
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Asphalt Shingle Roof
On-Street Parking
Wall A/C Unit(s) Cooling
Building Details
Year Built
Buildings
Listing Agency:
EXIT PLATINUM REALTY
(973) 746-4777
Listed By:
MELODY SCOTT · License #NJ-0563697
(917) 560-5733
Source:
Corcoran
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:43AM
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 EXIT PLATINUM REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 594 S Orange Ave in Newark, this 3,942-square-foot restaurant property was built in 1900. The sale includes the operating sandwich business and its liquor license. The business has served the community for more than 50 years.
Public transportation access and redevelopment activity in the surrounding area are noted as part of the property’s setting.
Public transportation access and redevelopment activity in the surrounding area are noted as part of the property’s setting.
Key Highlights
- 3,942‑square‑foot restaurant property
- Sale includes the real estate, sandwich business, and liquor license
- Sandwich business has operated in the community for over 50 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,690
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,800
$1.3M
Cap Rate 7%
$895,571
$895.6K
Cap Rate 9%
$696,556
$696.6K
Market Conditions
NOI Build-Up for 3,942 SF
Gross rent
$89.9K $22.80/SF
− Vacancy
−$6.3K −$1.60/SF
EGI
$83.6K $21.20/SF
− OpEx
−$20.9K −$5.30/SF
NOI
$62.7K $15.90/SF
Area
ZIP 07106
Vacancy
7.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,800
Cap Rate 7%
$895,571
Cap Rate 9%
$696,556
Alternative Uses
Best Use
Specialty Retail
$895.6K
$783.6K – $1.04M
NOI $62,690 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,948 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
7,032 visits/mo
0.4 miles
Caliber Collision
Shops & Services
706 visits/mo
0.2 miles
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Essex County, NJ
Properties on Market for Conventional restaurants in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering combines the real estate with an established sandwich business and liquor license.
Where is this conventional restaurant located?
The property is located at 594 S Orange Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,942‑square‑foot restaurant property; Sale includes the real estate, sandwich business, and liquor license; Sandwich business has operated in the community for over 50 years
