42 Park Place

    Newark City, NJ 07102
    • $675,000
    • STATUS: Active
    • ON SITE: 239 days
    • MLS #: 3548401
    UPDATED: 35 min ago
    $675,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,500
      SQFT
    • $90
      $/SQFT
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Entrepreneur, we present you with favorable circumstances that may very well afford you the advancement and progress that you have been dreaming of? Welcome to Maize Restaurant! The Maize Restaurant ?Maize" is an upscale, contemporary Restaurant and Bar/Lounge located in the bustling heart of Downtown Newark. It is strategically nestled on the ground level of the historic Robert Treat Hotel. It features a dazzling décor designed by internationally renowned restaurant designer, Tony Chi and has been featured on The Sopranos and NBCs Weekend Today. Since 2007, Maize has expereinced consistent increase in business and financial growth year after year, well surpassing over a $1,350,000 in revenue. Entrepreneur, will you take the Maize Restaurant to new heights of success? More to come!

    Monthly Payment Calculator



    © 2019 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 2019-12-12T22:46:16.98.
    www.latestnjlistings.com/homes/93748413

    42 Park Place Newark City, NJ 07102

    • Price: $675,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 3548401
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,500
    SQFT
    $90
    $/SQFT
    County:
    Essex
    Area:
    Newark City
    Property Description
    Entrepreneur, we present you with favorable circumstances that may very well afford you the advancement and progress that you have been dreaming of? Welcome to Maize Restaurant! The Maize Restaurant ?Maize" is an upscale, contemporary Restaurant and Bar/Lounge located in the bustling heart of Downtown Newark. It is strategically nestled on the ground level of the historic Robert Treat Hotel. It features a dazzling décor designed by internationally renowned restaurant designer, Tony Chi and has been featured on The Sopranos and NBCs Weekend Today. Since 2007, Maize has expereinced consistent increase in business and financial growth year after year, well surpassing over a $1,350,000 in revenue. Entrepreneur, will you take the Maize Restaurant to new heights of success? More to come!
    Exterior Features

    Garage Description None Location Business DistrictShared Building Parking Driveway Description Parking Lot-SharedOff-Street Parking Road Type City/Town Street

    Interior Features

    Available Sq Ft 7500 Basement Yes Basement Description SlabFull Cooling Central Air4 UnitsMulti-Zone Cooling Fuel Type ElectricGas-Natural Number Of Lavatories 1

    Property Features

    Acceptable Financing CashLease OptionSeller Business Classification RetailSee Remarks Business Established 2007 Business Name Maize Restaurant Documents Available Financial StatementsSee RemarksFloor PlansTax ReturnsInventory ReportLeases Existing Lease Seller Does Not Own Building5 Or More YearsRenewal OptionLease Transferable Gross Operating Income 1350000 Heating 4 UnitsForced Hot AirMulti-Zone Income Expense Source AccountantOwnerTax Returns Lease Amount Month 8900 Net Operating Income 365000 Ownership Type Corporation Price Includes Business NameBusiness Phone NumbersMachineryCustomer ListLeaseTrade Fixtures/EquipmentFurnishingsLicenses/Permits-Transfer Primary Business Classification See Remarks Real Estate For Sale No Re Available Services Cable TvGarbage Included Sewer Public Sewer Total Operating Expense 985000 Utilities ElectricGas-Natural Utility Amount 22000 Water Public Water

    Listing information © 2019 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Keller Williams Team Realty.


    © 2019 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 2019-12-12T22:46:16.98.
     
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    Short Hills NJ, 07078