Turn-Key Restaurant in
For Sale
$998,000
650 SPEEDWELL AVE, Morris Plains, NJ 07950
Korean BBQ restaurant for sale in Morris Plains.
Property SizeContact for details
Days on Market317
Property Features for 650 SPEEDWELL AVE
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
REMAX NOW
(201) 891-8000
Listed By:
SIMON S.K. KIM · License #1757040
(201) 981-7007
Source:
Corcoran
Added: Oct 23, 2025
Changed: Sep 2
Last Checked: Sep 4 at 7:11AM
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 REMAX NOW
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Morris Plains, this is a turn-key Korean BBQ restaurant for sale. The freestanding 2-story brick building features an elegant modern interior and a full smokeless BBQ grill table system. The property is situated across from the Morris Plains Train Station, benefiting from heavy vehicle and foot traffic. The first floor includes a 70-seat dining area with grill tables and a bar. The second floor offers a 55-seat private party room, also equipped with grill tables. The full basement contains a commercial kitchen, hood system, gas line, and additional cooking/prep area, along with a walk-in box, restroom, and elevator access. On-site parking is available with 55 spaces, complemented by a municipal lot. All kitchen equipment, furniture, and fixtures are included. The property offers excellent visibility and exposure on Speedwell Ave. This property is suited for restaurant operators or investors seeking a prime, ready-to-operate restaurant.
Key Highlights
- Turn‑key Korean BBQ restaurant with full smokeless grill table system.
- Prime downtown location across from Morris Plains Train Station with high traffic.
- Freestanding 2‑story brick building with modern interior.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
BP
Shops & Services
9,934 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,725 visits/mo
0.3 miles
TD Bank
Shops & Services
6,411 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,930 visits/mo
0.1 miles
Meineke Car Care Center
Shops & Services
1,443 visits/mo
0.4 miles
Demographics for 07950, NJ
21,459
Population
8,460
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,358
Density / Sq Mi
$148,469
Median Household Income
$80,217
Median Earnings
$2,549
Median Rent
$571,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Korean BBQ restaurant for sale in Morris Plains.
Where is this conventional restaurant located?
The property is located at 650 SPEEDWELL AVE Morris Plains, NJ.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Turn‑key Korean BBQ restaurant with full smokeless grill table system.; Prime downtown location across from Morris Plains Train Station with high traffic.; Freestanding 2‑story brick building with modern interior.
