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    236 Franklin Ave, Nutley, NJ 07110

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    Property summary
    AI-generated overview

    This thriving restaurant, operating successfully for 22 years, presents a unique opportunity for a savvy investor. Located in the heart of Nutley's bustling center, this business benefits from a highly visible and accessible location. The property includes all existing equipment, ensuring a seamless transition for the new owner. A significant advantage is the convenient municipal parking located directly behind the establishment, providing ample parking for patrons. The restaurant's basement features a newer walk-in freezer, a valuable asset for efficient food storage and inventory management. This turnkey operation offers immediate income potential and the chance to build upon an already established customer base and reputation within the Nutley community. The sale includes all necessary equipment for continued operation, minimizing upfront investment and allowing for a quick start. This is an exceptional opportunity to acquire a well-established business in a desirable location with significant growth potential. The asking price of $250,000 reflects the value of the established business, prime location, and included equipment. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gone With the Wings Restaurant
    • Salon Nine28 of Nutley Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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