Turnkey Restaurant Opportunity in
For Sale
$400,000
946 Broad St, Newark, NJ 07102
Fully equipped restaurant for sale in downtown Newark.
Property Size2,447 SF
Price / SF$163.47
Days on Market95
Property Features for 946 Broad St
General Information
Standard status
Active
Size
2,447 SF
Property subtype
Business Opportunity
Listing Agency:
KELLER WILLIAMS TOWN LIFE
(201) 232-0683
Listed By:
DOMINGO SEVERINO · License #1859221
(201) 232-0683
Source:
Exprealty
Added: May 21
Changed: Aug 23
Last Checked: Aug 23 at 11:23AM
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 KELLER WILLIAMS TOWN LIFE
Investment Insights
Based on property information with market context.
Located in downtown Newark on Broad Street, Brick City Market is a fast-casual restaurant opportunity. The 2,447 square foot space includes a basement for prep and storage, and seating for approximately 30 guests. A private outdoor courtyard features signature mural branding. The commercial kitchen is fully equipped with fryers, commercial grills, convection ovens, walk-in refrigeration, espresso and coffee systems, prep stations, and exhaust hood systems. Clover POS systems are included. The restaurant currently operates as a breakfast and lunch concept with reported annual gross sales of approximately $600,000. With approximately 14 years remaining on the lease at a below-market rent of $5,700 per month including water, this opportunity provides long-term stability and immediate cash flow potential. The current operation only runs Monday through Friday from 7 AM to 4 PM, leaving significant upside through expanded evening hours, weekend service, delivery platforms, and corporate catering. The location benefits from foot traffic from commuters, professionals, students, and government employees. The property is surrounded by transportation hubs, universities, government buildings, luxury residential developments, and downtown redevelopment projects. This is a hospitality concept with expansion potential.
Key Highlights
- Turnkey fast‑casual restaurant in prime downtown Newark location with high foot traffic.
- Approximately 14 years remaining on a below‑market lease of $5,700 per month including water.
- Fully equipped commercial kitchen, furniture, fixtures, equipment, POS systems, signage, and branding are included.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,534
Businesses Nearby
194k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 36%
Apparel 6%
Hotels & Casinos 5%
McDonald's
Dining
45,223 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,019 visits/mo
0.5 miles
Exxon
Shops & Services
11,797 visits/mo
0.3 miles
Bank of America
Shops & Services
11,294 visits/mo
0.4 miles
BP
Shops & Services
11,278 visits/mo
0.1 miles
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant for sale in downtown Newark.
Where is this conventional restaurant located?
The property is located at 946 Broad St Newark, NJ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Turnkey fast‑casual restaurant in prime downtown Newark location with high foot traffic.; Approximately 14 years remaining on a below‑market lease of $5,700 per month including water.; Fully equipped commercial kitchen, furniture, fixtures, equipment, POS systems, signage, and branding are included.
