Property summary
This thriving Latin restaurant in Passaic, New Jersey, presents a fantastic owner-user investment opportunity. Located at 200 Harrison St, 07055, this 300-square-foot retail space is currently operating under a 5-year lease. The asking price is $84,999, with a net operating income (NOI) of $6,000. The sale includes all necessary equipment for immediate operation: cooking equipment, food serving and storage equipment, cleaning supplies, and washing equipment. Situated in a busy residential area, this restaurant benefits from high foot traffic and a strong local customer base. This turnkey operation is ideal for an experienced restaurateur looking to acquire an established business with existing infrastructure and clientele. The property is a single-tenancy retail space, offering the owner complete control and operational flexibility. This is a rare opportunity to acquire a profitable, established restaurant in a desirable location at an attractive price point. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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