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Property profile & analytics
OFF-MARKET
Commercial real estate

252 Ft Lee Rd Bogota, NJ 07603-1344

1,782 SF 0.18 ac lot Built 1930
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-3026271
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction FRAME
Total area 1,782 SF
Lot 0.18 ac (7,697 SF)
Zoning code B1
APN 04 00052-0000-00009
UPID US59-3026271
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
  • Riviera Maya Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Joyibe Limited Liability Company · 2 yrs held
Joyibe Limited Liability Company
since 2023
7 recorded transactions
2023
Price N/A
2023
$177,497
2004
$100,000
1996
$210,000
1994
$73,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B1 · Bogota, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Business Retail
General category COMMERCIAL
Zone area 22.82 ac
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