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$ 595,000
Est. payment /mo
Active
0001 NEWARK AVE Jc Downtown, NJ 07302
2,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $270
MLS Listing ID 250021962
Property Sub-Type Restaurant
Property Description
This established pizza and Italian restaurant presents an exceptional opportunity in one of Jersey City's most desirable locations. Operating successfully with a proven track record, the business generates a high annual revenue while maintaining a strong position near the Grove Street PATH station. Business Overview: This thriving 2,200 square foot restaurant features a complete commercial kitchen with full vent hood system, accommodating 40-50 indoor seats with potential for outdoor seating expansion. The property includes a large basement storage area with walk-in refrigeration box, providing ample space for inventory management and operations. Location & Market Position: Strategically positioned in downtown Jersey City with exceptional pedestrian visibility and foot traffic. The proximity to Grove Street PATH station ensures consistent customer flow from both local residents and commuting professionals. This prime location benefits from the area's continued urban development and growing residential population. Operational Advantages: - Recently renovated with modern fit-out - Established customer base with long-term repeat clientele - Favorable lease terms at a below-market monthly rent with significant remaining term - Full commercial kitchen setup ready for immediate operation - Proven revenue model in high-demand market - Attractive below-market lease terms Financial Performance: The restaurant demonstrates strong financial performance with a high annual revenue, reflecting the established customer loyalty and prime location benefits. The lease rate represents reasonable occupancy costs relative to the revenue generation. Transition Opportunity: The current owner is retiring after successfully building this profitable operation. This represents an ideal turnkey opportunity for an experienced restaurateur or investor seeking an established business with proven market presence and growth potential in Jersey City's dynamic food service market.
Location
State NJ
County Hudson
Area Jc Downtown
Listed by COMPASS NEW JERSEY, LLC