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310 Adams St

Newark City, NJ 07105
  • $160,000
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 3914272
UPDATED: 147 min ago
$160,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,700
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Great opportunity to take over an established Italian restaurant in the Ironbound. Great location, located at the corner of Adams St and Malvern St. The restaurant was completely remodeled in 2023. Majority of the equipment is less than 1 year old and still under warranty. All equipment is included in the sale. Equipment valued at $50k+ . All employees are willing to stay. The current owner is available to stay past closing to allow for an easy transition. Real estate is not included in the sale, only the business. Seller financing available. A breakdown of expenses and equipment is available upon request.

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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 The Sue Adler Team - Keller Williams. 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 The Sue Adler Team - Keller Williams 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 2024-11-11T23:46:16.653.
www.latestnjlistings.com/homes/152774926
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310 Adams St Newark City, NJ 07105

  • Price: $160,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 147 min ago
  • MLS #: 3914272
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,700
SQFT
$94
$/SQFT
Neighborhood:
Ironbound
County:
Essex
Area:
Newark City
Property Description
Great opportunity to take over an established Italian restaurant in the Ironbound. Great location, located at the corner of Adams St and Malvern St. The restaurant was completely remodeled in 2023. Majority of the equipment is less than 1 year old and still under warranty. All equipment is included in the sale. Equipment valued at $50k+ . All employees are willing to stay. The current owner is available to stay past closing to allow for an easy transition. Real estate is not included in the sale, only the business. Seller financing available. A breakdown of expenses and equipment is available upon request.
Exterior Features

Garage Description None Location Business DistrictResidential Area Parking Driveway Description On-Street Parking Road Type City/Town Street

Interior Features

Available Sq Ft 1700 Basement No Cooling 1 UnitCentral Air Fuel Type Gas-Natural Number Of Lavatories 2

Property Features

Acceptable Financing BuyerCashSeller Business Classification See Remarks Business Name Cafe Italia Documents Available Inventory ReportInvestment AnalysisSee Remarks Existing Lease Seller Owns Building Gross Operating Income 400000 Heating 1 UnitForced Hot Air Income Expense Source Owner Lease Amount Month 6000 Net Operating Income 34600 Ownership Type See Remarks Price Includes Business NameBusiness Phone NumbersFurnishingsInventorySignsTrade Fixtures/Equipment Primary Business Classification See Remarks Real Estate For Sale No RE Available Sewer Public Sewer Total Operating Expense 365400 Utilities ElectricGas In Street Utility Amount 16200 Water Public Water Zoning MX1

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of EXIT REALTY LUCKY ASSOCIATES: 973-817-7700.


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 The Sue Adler Team - Keller Williams. 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 The Sue Adler Team - Keller Williams 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 2024-11-11T23:46:16.653.
 
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The Sue Adler Team - Keller Williams
518 Millburn Avenue, 2nd Floor
Short Hills NJ, 07078