Property summary
This exceptional opportunity presents a fully operational, 5,000 square foot restaurant in Park Ridge, NJ, boasting a coveted plenary liquor license (#33). Situated on a nearly one-acre lot (41,382 sq ft) with 30 parking spaces, this two-story building offers significant expansion potential. Built in 1920 and renovated in 2008, the property features a fully equipped kitchen with walk-in refrigerators and a prep kitchen in the lower level. The main dining area comfortably seats 75 patrons, with additional bar seating for 12. The restaurant, previously a highly successful establishment recognized with a 2023 Diners' Choice Award, is located in a prime Bergen County area, surrounded by affluent communities and boasting excellent street visibility. The R20 zoning allows for various uses. The property's location provides easy access to major roadways, including the Garden State Parkway, and benefits from a high average median income of $195,000 in the surrounding area. This turnkey operation presents a rare chance to acquire a thriving business in a desirable location, with ample room for growth and development. The asking price is $1,879,000 ($375.80/sq ft).
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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