Property profile

344 French Hl Rd Wayne, NJ 07470

OFF-MARKET
Turn key restaurants
Property ID
US59-3194292
9,748 SF 0.94 ac lot
Entity Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire a thriving restaurant business in Wayne, NJ. Located at 344 FRENCH HILL RD Unit 0, this property boasts a substantial 6,000 square feet of space situated on a 0.94-acre lot. The building itself is offered for sale along with a valuable liquor license, ensuring a seamless transition for the new owner. The current tenant has operated a successful restaurant at this location for over three decades, establishing a strong reputation and loyal customer base within the upscale Wayne community. This long-standing history speaks volumes about the property's potential for continued success. The sale includes not only the building and liquor license but also the existing restaurant equipment, providing a turnkey operation ready for immediate use. The substantial size of the property, combined with its prime location and established business history, makes this a rare and highly desirable investment opportunity. The asking price is $2,250,000. This is an exceptional chance to own a well-established business in a thriving community. Serious inquiries only.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 9,748 SF
Lot 0.94 ac (40,946 SF)
APN 14 01010-0000-00013
UPID US59-3194292

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

344 French Hl Rd Wayne, NJ 07470-3936
Wayne metro Census 246103 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$642k
Blend (final) Blend
$545k

Owner & transaction history

since 2009
6 recorded transactions
2018
Price N/A
2009
$1.2M
2005
$850,000
1999
$492,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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