423 Paterson Ave East Rutherford, NJ 07073-1314

This exceptional investment opportunity presents a 1,620-square-foot, single-tenant restaurant building situated at 423 Paterson Ave, East Rutherford, NJ 07073. The property, built in 1970 and classified as Class B, boasts a strong 8.75% capitalization rate, generating a net operating income (NOI) of $42,000. Currently leased with a remaining term of approximately 0.5 years, expiring May 31, 2025, the property offers a compelling return on investment. The asking price is $479,990, translating to a price per square foot of $296.29. Conveniently located in the heart of East Rutherford, this standalone building benefits from proximity to public transportation (bus and train station) and ample street parking, ensuring easy access for both employees and patrons. Furthermore, its location provides convenient access to major highways. The property is zoned B and is ideal for investors or owner-operators seeking a profitable venture in a high-traffic area. Please note that this sale is for the property only; do not disturb the tenant. A virtual tour is available.