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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

21 Palisade Ave Englewood, NJ 07631

2,000 SF Built 2000
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2000
Total area 2,000 SF
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
  • Red, White and Pasta Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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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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