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2 E Passaic Ave

Nutley Twp., NJ 07110
  • $2,195,000
  • STATUS: Active
  • ON SITE: 188 Days
  • MLS #: 3861216
$2,195,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,000
    SQFT
  • $314
    $/SQFT
Type:
Commercial
Built:
1908
County:
Area:

School Ratings & Info

Description

Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room. An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-27T23:46:40.123.
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2 E Passaic Ave Nutley Twp., NJ 07110

  • Price: $2,195,000
  • Status: Active
  • On Site: 188 Days
  • MLS #: 3861216
0
Beds
0
Baths
0
½ Baths
N/A
Acres
7,000
SQFT
$314
$/SQFT
1908
Built
County:
Essex
Area:
Nutley Twp.
Property Description
Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room. An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth.
Exterior Features

Approximate Lot Size 100X177 IRR Available Parking Spaces 20 Construction Brick/Block Exterior Description AluminumConcreteVinyl Location CornerFreestandingSee Remarks Lot Description CornerLevel Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopLightingParking Lot-Exclusive Roof Description Flat

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullStorage Cooling 2 UnitsCentral Air Equipment Available AppliancesBurglar AlarmExhaust SystemFire AlarmFixturesKitchen AreaSecurity SystemSign - Building Floors CarpetingTileVinyl-LinoleumWood Heating 2 UnitsForced Hot AirRadiators - Steam Max Ceiling Height 12 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 7 Office Sq Ft 0

Property Features

Expenses Include Accounting/LegalAdvertisingElectricityGas/OilInsuranceWater/Sewer For Sale Or Lease For Sale Fuel Type GasNaturOilAbIn Primary Property Type MixedUse Property Type Mixed UseRestaurant/BarSee Remarks Sale Includes Building & BusinessBuilding & LandEquipment Sewer Public Sewer Suite Number 0 Tax Amount 24614 Tax Rate Amount 3.864 Tax Rate Year 2022 Tax Year 2022 Utilities ElectricGas-Natural Water Public Water Year Built Description ApproximateRenovated Zoning B2

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Suburban Realty: 201-213-0952.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-27T23:46:40.123.
 
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eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042