Restaurant with On-Site
New
For Sale
$875,000
741 Broad St, Clifton, NJ 07013
The dining room accommodates 45 patrons, with parking for 22 vehicles.
Property Size1,600 SF
Price / SF$546.88
Days on Market2
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Property Features for 741 Broad St
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
22
Property subtype
Commercial
Site & Location
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Additional Details
Seating Capacity
45
Taxes and HOA fees
Annual Taxes
$15,034
Amenities
Central air
1 Unit Heating
Blacktop Driveway
Central Air Cooling
Corner
Off-Street Parking
Building Details
Year Built
1950
Listing Agency:
CENTURY 21 VENTURE REAL ESTATE
(973) 744-2700
Listed By:
FRANK BOREK
(973) 429-7400
Source:
Corcoran
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:33AM
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 VENTURE REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,600-square-foot restaurant building dates to 1950 and includes seating for 45 patrons, along with parking for 22 cars.
At the corner of Broad Street and Van Houton Avenue in Clifton, the property is positioned near the Route 3 and Route 46 entrances and exits. Approximately 15,000 cars pass the intersection daily.
At the corner of Broad Street and Van Houton Avenue in Clifton, the property is positioned near the Route 3 and Route 46 entrances and exits. Approximately 15,000 cars pass the intersection daily.
Key Highlights
- 1,600‑square‑foot restaurant building, constructed in 1950
- Seating for 45 patrons
- Parking for 22 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,468
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,360
$489.4K
Cap Rate 7%
$349,543
$349.5K
Cap Rate 9%
$271,867
$271.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$34.6K $21.60/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$32.6K $20.39/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.5K $15.29/SF
Area
Passaic 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%
$489,360
Cap Rate 7%
$349,543
Cap Rate 9%
$271,867
Alternative Uses
Best Use
Specialty Retail
$349.5K
$305.9K – $407.8K
NOI $24,468 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
11,339 visits/mo
0.5 miles
Shell
Shops & Services
5,009 visits/mo
0.5 miles
PNC Bank
Shops & Services
3,885 visits/mo
0.5 miles
Sunoco
Shops & Services
3,053 visits/mo
0.5 miles
Hertz
Shops & Services
547 visits/mo
0.5 miles
Demographics for 07013, NJ
28,843
Population
12,005
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
6,555
Density / Sq Mi
$119,291
Median Household Income
$59,413
Median Earnings
$1,696
Median Rent
$462,700
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The dining room accommodates 45 patrons, with parking for 22 vehicles.
Where is this conventional restaurant located?
The property is located at 741 Broad St Clifton, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,600‑square‑foot restaurant building, constructed in 1950; Seating for 45 patrons; Parking for 22 cars
