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    768 Stuyvesant Ave Lyndhurst, NJ 07071

    Sponsored
    For Sale
    $1,975,000

    Historic Lyndhurst Restaurant, Liquor License Included

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime Lyndhurst location presents a unique opportunity to acquire Lee's Hawaiian Islander Restaurant, a well-established, 52-year-old business. This turnkey operation includes the real estate, liquor license, and all fixtures. The 5,000 square foot, two-story building sits on a 12,240 square foot lot, zoned B-Business, and boasts a spacious open dining area, mezzanine level for private parties, and a large kitchen (1,000+ sq ft). With 22 parking spaces and a prominent corner location, this property benefits from high visibility and convenient access. Recent improvements (within the past four years) include a new roof, bathrooms, boiler, heater, sewer lines, and an updated AC split system for the bar area. Exterior stucco and paint have also been refreshed. The asking price is $1,975,000 ($395/sq ft). The property is available for occupancy on June 30, 2024. This is a rare chance to own a piece of New Jersey history, ideally suited for a continuation of the existing business or a new venture. Built in 1962, this restaurant is considered the last vintage tiki bar in New Jersey.

    Property Features for 768 Stuyvesant Ave

    General Information

    Property type
    Restaurants
    Square Feet
    5,000 SF

    Building Details

    Year Built
    1962
    Stories
    2

    HighLights

    • Includes liquor license, business, and real estate.
    • Historic, vintage Tiki bar and restaurant; New Jersey's last.
    • Two‑story open dining area with mezzanine level for private parties.
    • Established business with 52+ years of operating history.
    • Large kitchen (1,000+ sq ft).
    • Ample parking (22 spaces).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lee's Hawaiian Islander Lounge

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyndhurst
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1342058
    Latitude
    40.804158

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    FAQs

    What type of property is this?
    Restaurant - Historic Lyndhurst Restaurant, Liquor License Included
    Where is this restaurant located?
    The property is located at 768 Stuyvesant Ave Lyndhurst, NJ.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: Includes liquor license, business, and real estate.; Historic, vintage Tiki bar and restaurant; New Jersey's last.; Two-story open dining area with mezzanine level for private parties.
    Request Owner's contact information
    768 Stuyvesant Ave Lyndhurst, NJ 07071
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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

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    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
    768 Stuyvesant Ave Lyndhurst, NJ 07071
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