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Property profile & analytics
OFF-MARKET Estimated value $325,000
Bars & Pubs

12 Oak St Clifton, NJ 07014-1704

3,495 SF 0.43 ac lot Built 1925
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US59-3104091
Property summary
AI-generated overview

This exceptional Clifton, NJ investment opportunity presents a unique package deal encompassing two separate buildings situated on nearly half an acre of land in Passaic County (zip code 07014). The property includes a charming two-story, three-bedroom single-family home and a substantial three-story mixed-use building. The mixed-use building features a ground-floor bar/restaurant space and a three-bedroom residential unit on the upper two floors. Each building boasts its own separate utilities, offering flexibility and operational independence. The property offers significant potential for expansion, redevelopment, or modification to suit a variety of investment strategies. Ample parking is available with 25+ spaces. The location provides unparalleled convenience, with easy and direct access to major roadways including Routes 3, 21, 80, and 46. The asking price for this remarkable property is $1,050,000. This presents a rare chance to acquire a substantial mixed-use property in a prime Clifton location with considerable upside potential.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1925
Construction BRICK
Total area 3,495 SF
Lot 0.43 ac (18,720 SF)
Zoning code M-2
APN 02 00073- 01-00017
UPID US59-3104091
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
  • Emerald Corner Bar & Pub Restaurant
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k
Owner & transaction history
Zenith Dev INC · 20 yrs held
Zenith Dev INC
since 2005
6 recorded transactions
2005
$630,000
2003
$280,000
1989
$70,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Clifton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 Zones. [Amended 5-3-1983 by Ord. No. 4805-93 ; 4-18-1995 by Ord. No. 5731-95 ] Conditional uses permitted in the M-2 Zones shall be as follows: Gasoline filling stations as permitted in the B-D Zones and subject to the same standards. Dwelling quarters for a watchman or caretaker as permitted in the B-A Zones and subject to the same standards. Advertisin…

Zone name General Industrial
General category INDUSTRIAL
Zone area 877.21 ac
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