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    OFF-MARKET
    Retail properties & Spaces

    236 Franklin Ave, Nutley, NJ 07110

    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property at 236 Franklin Avenue in Nutley, New Jersey, presents a rare opportunity to acquire a thriving, established restaurant. Offered at $250,000, this turnkey operation boasts a rich history, having served the Nutley community for 22 years. The property is classified as retail and land, encompassing a well-established restaurant business. The building is located in the heart of Nutley's center, ensuring high visibility and convenient access for customers. A significant advantage is the availability of municipal parking directly behind the building, providing ample parking for patrons. All existing restaurant equipment is included in the sale, minimizing the initial investment required for a new owner. Furthermore, the property features a newer walk-in freezer located in the basement, providing essential storage capacity for food and supplies. The property's address is 236 Franklin Avenue, Nutley, NJ 07110, situated in Essex County. This is an ideal opportunity for an experienced restaurateur looking to acquire an established business with a proven track record in a desirable location, or for an investor seeking a strong return on investment in a thriving commercial area. The property's location at latitude 40.81579 and longitude -74.1618552 provides easy access to major transportation routes. This is a truly unique opportunity not to be missed.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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