21 Palisade Ave Englewood, NJ 07631
- Retail properties
- 2,000 SF
Current Use by Public Records
- Red, White and Pasta / Italian Restaurant
Property Details for 21 Palisade Ave
- Year built
- 2000
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional business opportunity presents a 2,000 square foot vacant restaurant space ideally situated on East Palisade Avenue in Englewood, New Jersey. The property, built in 2000, boasts a single story building on a 6,262 square foot lot, zoned CBD1. The asking price is $150,000, representing a price per square foot of $31.94. A new 7.5-year gross lease is available at a monthly rate of $9,000, inclusive of taxes. The space previously operated as an Italian restaurant with seating for 82 inside and 16 outside (April 1st - December 1st). Free parking is available on the property. The high visibility location benefits from significant foot traffic and proximity to popular businesses such as Starbucks and Chick-fil-A. Included in the sale are various fixtures and equipment, such as tables and chairs, HVAC system, stereo, walk-in refrigerator and freezer, telephone system, sinks, kitchen equipment (including a full charcoal grill, convection oven, and 12-burner stove), dishware, silverware, and refrigerated bain maries. Excluded items include the phone number, point-of-sale system, social media accounts, tradename, and logos. This property offers a compelling investment opportunity in a vibrant and accessible location.
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
- Englewood
- County
- Bergen
- State
- New Jersey
- Longitude
- -73.974
- Latitude
- 40.8938
