Nightclub with Bar
For Sale
$600,000
615 Orange St #1, Newark, NJ 07107
A two-level venue includes restaurant equipment, a liquor license, and updated electrical service.
Property Size2,000 SF
Price / SF$300
Days on Market411
Property Features for 615 Orange St #1
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
4A
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Sprinkler System
Yes
Building Details
Building Size
2,000 SF
Year Built
1992
Stories
2
Units
3
Listing Agency:
Coldwell Banker Realty
(973) 233-2300
Listed By:
Aja Ann Mauceri
(973) 618-2568
Source:
Cammarotarealestate
Added: Sep 8, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:28PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,000-square-foot nightclub in Newark’s Lower Roseville section has public areas on the first floor and a basement with a kitchen, employee restroom, and dedicated office. Two public lavatories serve the first floor, while a separate basement staircase provides another entry and exit. Restaurant equipment, refrigerators, bar furnishings and fixtures, an ATM, and a touchscreen jukebox are included, along with the liquor license. The building was constructed in 1992 and is offered as-is.
Building systems include updated electrical service, a newer water heater, a sprinkler system, and central heating and air conditioning. The property is zoned 4A.
Building systems include updated electrical service, a newer water heater, a sprinkler system, and central heating and air conditioning. The property is zoned 4A.
Key Highlights
- 2,000‑square‑foot nightclub in Newark’s Lower Roseville section
- Liquor license included in the sale
- First floor has two public lavatories; basement includes a kitchen, employee restroom, and dedicated office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,293
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,860
$625.9K
Cap Rate 7%
$447,043
$447.0K
Cap Rate 9%
$347,700
$347.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$45.6K $22.80/SF
− Vacancy
−$3.9K −$1.94/SF
EGI
$41.7K $20.86/SF
− OpEx
−$10.4K −$5.22/SF
NOI
$31.3K $15.65/SF
Area
ZIP 07107
Vacancy
8.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,860
Cap Rate 7%
$447,043
Cap Rate 9%
$347,700
Alternative Uses
Best Use
Specialty Retail
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.4K
$684.6K – $912.8K
NOI $54,768 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Electronics 7%
Family Dollar
Shops & Services
9,843 visits/mo
0.5 miles
Sunoco
Shops & Services
4,196 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
3,717 visits/mo
0.1 miles
Mobil
Shops & Services
1,971 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,785 visits/mo
0.5 miles
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- People's Choice Bar — 105 Hartford St, Newark, NJ 07103
- Little Joe's Lounge — 201 S 11th St, Newark, NJ 07107
- Alqai Odudua Inc — 513 Central Ave, Newark, NJ 07107
- El Bi Social Club — Newark, NJ 07107
- Paraiso Bar — N 5th St, Newark, NJ 07107
Frequently Asked Questions
What type of property is this?
Night club - A two-level venue includes restaurant equipment, a liquor license, and updated electrical service.
Where is this night club located?
The property is located at 615 Orange St #1 Newark, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,000‑square‑foot nightclub in Newark’s Lower Roseville section; Liquor license included in the sale; First floor has two public lavatories; basement includes a kitchen, employee restroom, and dedicated office
