252 Ft Lee Rd Bogota, NJ 07603-1344
This thriving Mexican restaurant in Bogota, NJ, presents a unique owner-user opportunity. Located at 252 Fort Lee Rd, this 1,848 square foot establishment boasts a strong 20+ year history, a loyal customer base extending beyond the immediate area, and consistently positive online reviews. The property features ample seating for 75-100 guests, both indoors and outdoors, making it ideal for various occasions and seasons. All equipment and fixtures are included in the sale price of $189,900. The restaurant operates under a gross lease with 5 years remaining on a 10-year term, ensuring operational stability. On-site parking accommodates 8 vehicles, supplemented by ample street parking. Renovated in 2012, the well-maintained space reflects pride of ownership and is ready for immediate operation. The property is situated in Bergen County, NJ, in the 07603 zip code, offering convenient access to surrounding towns. This turnkey operation provides a fantastic opportunity for an established restaurateur or a new entrepreneur seeking to enter the market. The 100% occupancy rate underscores the consistent demand and profitability of this well-regarded community staple.
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Riviera Maya Restaurant
tial R-1A One-Family Residential/Multi-Family, Senior Citizen R-2 One- and Two-Family Residential R-3 Multi-Family Residential R-4 Residential/Multi-Family Senior Citizen PD Planned Development AR Age Restricted Housing B-1 Business, Retail B-2 Business B-3 Business, Office I Industrial P Parkland § 21A-7.2 Zoning Map. [Ord. #1007, A-7; Ord. No. 1247 , S1; O…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
B1 · Bogota, NJtial R-1A One-Family Residential/Multi-Family, Senior Citizen R-2 One- and Two-Family Residential R-3 Multi-Family Residential R-4 Residential/Multi-Family Senior Citizen PD Planned Development AR Age Restricted Housing B-1 Business, Retail B-2 Business B-3 Business, Office I Industrial P Parkland § 21A-7.2 Zoning Map. [Ord. #1007, A-7; Ord. No. 1247 , S1; Ord. #1256, S1; Ord. #1268, S1; Ord. #1282, S6] The location and boundaries of said
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.