717 New Point Rd Elizabeth, NJ 07201
- Commercial real estate
- 13,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 717 New Point Rd
- Property size
- 13,000 SF
- Property type
- Commercial real estate
Description
This exceptional 13,000 square foot commercial property located at 717 New Point Road, Elizabeth, NJ, presents a unique investment opportunity. Currently operating as Club Cubano de Elizabeth since 1978, this well-established nightclub boasts a rich history and significant potential for continued success. The sale includes a valuable liquor license, a significant asset for any prospective buyer. The property underwent a major remodel in 1979 and a substantial expansion in 1988, adding key features such as a new kitchen, two bathrooms, two smaller private rooms, additional storage areas, a second-floor bar, and a partially finished basement. The roof has been fixed. The building is equipped with central air conditioning units and forced-air heating. All kitchen equipment, including an ice machine and beer coolers, is in working order. Further enhancing its appeal, the property includes a recently added outdoor bar and lounge area, providing ample space for patrons. Ample parking is available, accommodating 20 or more vehicles. The sale is "as-is." This turnkey operation offers immediate income potential and significant upside for a savvy investor looking to capitalize on a thriving nightlife scene. The property's size and established clientele base make it an attractive proposition for both experienced operators and new entrants to the market. Don't miss this chance to acquire a well-established and profitable business.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.201
- Latitude
- 40.6593
