717 New Point Rd, Elizabeth, NJ 07201-2861
This exceptional 13,000 square foot commercial property, located at 717 New Point Rd in Elizabeth City, New Jersey (zip code 07201-2861), presents a unique investment opportunity. The asking price is $1,990,000 and includes a valuable liquor license. The property, operating as Club Cubano de Elizabeth since 1978, has undergone significant renovations. A 1979 remodel was followed by a 1988 expansion that added a new kitchen, two bathrooms, two smaller private rooms, additional storage, a second-floor bar, and a partially finished basement. The roof was also repaired during this expansion. The property boasts central air conditioning units with forced air, and the kitchen equipment, ice machine, beer coolers are all in working condition. An outdoor bar and lounge area enhance the property's appeal. Ample parking is available for 20 or more cars. The sale is as-is. Access is via Division Street or Elizabeth Avenue to New Point Road. This property offers significant potential for a variety of commercial uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.