Turnkey Restaurant Sale Downtown South Orange | 15 S Orange Ave
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Turnkey Restaurant Sale Downtown South Orange 15 S Orange Ave
7,800 SF Retail Building South Orange, NJ 07079 $3,900,000 ($500/SF)
Investment Highlights
- Turn Key Restaurant with Liquor License
Executive Summary
THE PURCHASER PRICE INCLUDES THE LIQUOR LICENSE, RESTAURENT EQUIPMENT AND BUILDING BUT NOT THE BUSINESSES. A Great opportunity for the experienced restaurateur, offering a turnkey restaurant in downtown South Orange. The 2 Story masonry structured, is 7,800 +/- square feet, features 2 fully equipped Kitchens. The restaurant has seating for 110 patrons, a bar seating 25 and 2 high top table in the bar area plus 4 addition high top tables in an area separate from the immediate bar area. The 2nd floor Event space with a capacity of up to 70 people and make this a great location for special catered events.
The Building is located one block from the South Orange downtown train station.
The property will be delivered vacant at closing
Please note that the purchase price does not include the business or trade name associated with the property. However, The sale of the property Does Include the Liquor License.
The Building is located one block from the South Orange downtown train station.
The property will be delivered vacant at closing
Please note that the purchase price does not include the business or trade name associated with the property. However, The sale of the property Does Include the Liquor License.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$65,000
|
$8.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$65,000
|
$8.33
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $65,000 |
| Annual Per SF | $8.33 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $65,000 |
| Annual Per SF | $8.33 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,800 SF
Building Class
C
Year Built
1900
Price
$3,900,000
Price Per SF
$500
Tenancy
Single
Building Height
2 Stories
Building FAR
1.38
Land Acres
0.13 AC
Zoning
B-1, South Orange
Walk Score ®
Walker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19-01909-0000-00005 | Total Assessment | $2,280,100 (2024) |
| Land Assessment | $752,400 (2024) | Annual Taxes | $65,000 ($8.33/SF) |
| Improvements Assessment | $1,527,700 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
19-01909-0000-00005
Land Assessment
$752,400 (2024)
Improvements Assessment
$1,527,700 (2024)
Total Assessment
$2,280,100 (2024)
Annual Taxes
$65,000 ($8.33/SF)
Tax Year
2023
-
James Brunette - Brunette Realty LLC
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Turnkey Restaurant Sale Downtown South Orange | 15 S Orange Ave
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