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    310-312 Adams St Newark, NJ 07105

    For Sale
    $160,000

    Established Italian eatery, high ROI, seller financing.

    Property size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This thriving Italian restaurant, located at 310-312 Adams Street in Newark, New Jersey's vibrant Ironbound section, presents a remarkable investment opportunity. Priced at $160,000, this turnkey business boasts a substantial 21.62% cap rate and a strong net operating income (NOI) of $34,600. The 1,700 square foot space, situated on a 1,736 square foot lot, underwent a complete remodel in 2023. The sale includes all equipment, valued at over $50,000, most of which is less than a year old and still under warranty. This ensures a smooth transition for the new owner. All current employees are willing to remain, providing continuity and established clientele. The current owner is also available to assist with the transition post-closing. This is a fantastic opportunity for an owner-user seeking a profitable, established business with seller financing available. A detailed breakdown of expenses and equipment inventory is readily available upon request. The property is classified as a Class B building with a gross lease. The business is located at the corner of Adams Street and Malvern Street, offering excellent visibility and accessibility. This is a business-only sale

    Property Features for 310-312 Adams St

    General Information

    Property type
    Investment properties
    Square Feet
    1,700 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Established Italian restaurant for sale in the Ironbound section of Newark.
    • Corner location at Adams St and Malvern St.
    • Completely remodeled in 2023 with mostly new, warranted equipment ($50k+ value).
    • All equipment included; employees willing to stay; seller assists with transition.
    • Business sale only (real estate excluded); seller financing offered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Gym & Fitness Nail Salon Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1626781
    Latitude
    40.7215918

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    FAQs

    What type of property is this?
    Investment property - Established Italian eatery, high ROI, seller financing.
    Where is this investment property located?
    The property is located at 310-312 Adams St Newark, NJ.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Established Italian restaurant for sale in the Ironbound section of Newark.; Corner location at Adams St and Malvern St.; Completely remodeled in 2023 with mostly new, warranted equipment ($50k+ value).
    Request Owner's contact information
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310-312 Adams St Newark, NJ 07105
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