Retail Storefront with Bar
For Sale
$699,000
Saint Georges Ave, Linden, NJ 07036
Former bar/lounge storefront for sale with street parking and included on-site furniture, fixtures, and equipment.
Property Size2,500 SF
Price / SF$279.60
Days on Market79
Property Features for Saint Georges Ave
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$8,909
Amenities
3
Flat
26.245X122.93, 26.245X122.93
Building Details
Year Built
1940
Listing Agency:
PINN REALTY
(908) 585-4111
Listed By:
JOSEPH WEISZ
(908) 585-4111
Source:
Xome
Added: Jun 14
Changed: Aug 31
Last Checked: Aug 30 at 3:14PM
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 PINN REALTY
Investment Insights
Based on property information with market context.
This for-sale commercial storefront was formerly operated as a bar/lounge and is being offered in as-is condition. The sale includes numerous furniture items, fixtures, and equipment currently on-site, which may help reduce initial buildout needs for a qualified buyer. The seller makes no representations or warranties regarding the property’s condition, permitted uses, or approvals, and buyers should complete their own due diligence before proceeding.
The property is described as being in a highly visible location with convenient street parking. Because buyers are responsible for confirming zoning, permitted uses, licensing requirements, and any municipal, state, or local approvals, intended use should be verified through the appropriate city and agency channels.
Prospective buyers should plan to obtain any certificates, inspections, permits, and city approvals required for their intended operation.
The property is described as being in a highly visible location with convenient street parking. Because buyers are responsible for confirming zoning, permitted uses, licensing requirements, and any municipal, state, or local approvals, intended use should be verified through the appropriate city and agency channels.
Prospective buyers should plan to obtain any certificates, inspections, permits, and city approvals required for their intended operation.
Key Highlights
- Former bar/loungestorefront retail space (guest facilities: 3) built in 1940
- Zoned C‑2
- On‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,232
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,640
$764.6K
Cap Rate 7%
$546,171
$546.2K
Cap Rate 9%
$424,800
$424.8K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.0K $21.60/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$51.0K $20.39/SF
− OpEx
−$12.7K −$5.10/SF
NOI
$38.2K $15.29/SF
Area
Union 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,640
Cap Rate 7%
$546,171
Cap Rate 9%
$424,800
Alternative Uses
Best Use
Specialty Retail
$546.2K
$477.9K – $637.2K
NOI $38,232 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
146k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
McDonald's
Dining
26,053 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,641 visits/mo
0.1 miles
TD Bank
Shops & Services
10,490 visits/mo
0.1 miles
Bank of America
Shops & Services
9,997 visits/mo
0.4 miles
Taco Bell
Dining
9,817 visits/mo
0.2 miles
Demographics for 07036, NJ
45,161
Population
16,911
Households
2.7
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
10.9 sq mi
ZIP Area
4,143
Density / Sq Mi
$89,942
Median Household Income
$46,736
Median Earnings
$1,622
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Flowers and Balloons — 108 N Wood Ave, Linden, NJ 07036
Frequently Asked Questions
What type of property is this?
Storefront property - Former bar/lounge storefront for sale with street parking and included on-site furniture, fixtures, and equipment.
Where is this storefront property located?
The property is located at Saint Georges Ave Linden, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Former bar/loungestorefront retail space (guest facilities: 3) built in 1940; Zoned C‑2; On‑street parking available
