283 Parker Ave, Clifton, NJ 07011-1457
This exceptional opportunity presents the chance to acquire Palenque Bar & Grill, a thriving Mexican restaurant located at 283 Parker Ave, Clifton, NJ 07011. This Class A, 250 square foot establishment is offered for sale by owner at $399,000. The sale includes all appliances, furniture, and fixtures, ensuring a seamless transition for the new owner. A significant advantage is the inclusion of a valuable liquor license, a key asset for continued success. Palenque boasts a loyal customer base in the vibrant Botany Village community and benefits from a largely cash-based business model. Current employees are eager to stay on, providing continuity and experienced staff. Financial statements are being finalized and will be provided to serious buyers with proof of funds. This turnkey operation is ready for immediate ownership, allowing the new owner to step in and continue the restaurant's success from day one. This is a rare opportunity to own a profitable, well-established restaurant in a prime Clifton location. Don't miss this chance to capitalize on a bustling dining scene and established clientele.
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Palenque Bar & Grill Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PD-1 · Clifton, NJClifton. Always verify with local authorities before improvements.
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.