881 Route 10 Hanover Twp, NJ $ 3,400,000
881 Route 10
$ 3,400,000
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881 Route 10

Hanover Twp, NJ, 07981
$ 3,400,000
Baths0.2 Sq 2,200

Monthly Estimate*

$ 23,750

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Studio

Commercial Property for sale in Hanover Twp, NJ

for $3,400,000 with 2 half baths. This 2,200 square foot building was built in 1970 on a lot size of 1.76.

Welcome to an incredible investment opportunity " Nikko Japanese Restaurant ", a renowned establishment located on a bustling corner along Rt 10 in Whippany. This thriving restaurant, sitting on nearly 2 acres lot, presents an ideal prospect for both seasoned restaurateurs and entrepreneurs looking to make their mark in the culinary scene. Strategically located with easy access from Routes 10, 287, 24 and 80. Nikko Japanese Restaurant recently named "BEST JAPANESE" by New Jersey Monthly Readers Choice Awards. Explore the lucrative market of catering with an established client base.Traditional "Tatami" Room, a unique feature that adds cultural richness and caters to diverse customer preferences. Exquisite Menu: Boasting a diverse menu of Japanese cuisine, sushi, and other delectable offerings. Enhance the dining experience with a bar, complemented by a broad Class C liquor license. Proven Profitability, Nikko Japanese Restaurant has consistently generated lucrative profits for over three decades. Included with the sale is a charming 4 bedroom single-family home on the lot. The extra acreage allows for potential expansion. Alone Rt 10 corridor in Whippany has been designated for commercial redevelopment. Residential development in the area are booming. Hundreds of new luxury rental units will be added to the area in near future. Don't miss the rare opportunity to acquire this successful and well-established restaurant along with valuable real estate in a prime location.

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Commercial Active

Price

$ 3,400,000

Bedrooms

Studio

Half Bath

2

Property Type

Commercial

Taxes

$ 19,799

Style

RestBar

Lot Size

1.76

Year Built

1970

Town/City

Hanover Twp

County/Region

Morris

MLS | Web ID

3878053

Features
General
Sewer Public Sewer
Construction Brick/Block See Remarks
Heating Forced Hot Air Multi-Zone
Cooling Multi-Zone Cooling
Utilities Electric Gas-Natural
Possession on transaction
Roof Flat Slate
Zoning B-10
Garage Spaces 50
Year Built 1970
Township Hanover Twp.
Property Type Restaurant/Bar Store With Apartment RestBar
Tax Year 2023
Percent Ownership Fee Simple
Location Highway Location
County Morris
Status Active
Directions RT 10 E next to former Pine Plaza
Total Units 2
Street Name Route 10
Tax Annual Amount 19799
Drive Blacktop Parking Lot-Exclusive
Leasable Area 0
Days on Market 24
Standard Status Active
Tax Assessed Value 943300
Town # 2312
Tax Lot 6
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Interior
Flooring Carpeting Concrete Tile
Fuel Type Gas-Natural
Total Stories 1
Half Baths 2
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Exterior
Lot Features Level Lot
Water Source Public Water
Total Parking 50
Exterior Description Brick/Block
Building Area Total 2200
Lot Dimensions 1.76 acre
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* Excluded Features
List By
CHUNG HO CHANG

Listing Agent

Re/Max Town & Valley Ii

Broker

charliecchang@gmail.com

Email

Affordability Calculator

$25,400
Per Month
94%
6%
0%
Monthly Principal & Interest
$23,750
Monthly Property Taxes
$1,650
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/13/2023$3,400,000 Listed Price

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881 Route 10, Hanover Twp, NJ, 07981 is a Commercial Property for sale at $3,400,000 with 2,200 sqft and a lot size of 1.76. 881 Route 10 is a studio with 0.2 baths and was built in 1970. The property's zip code is 07981 which is in Hanover Twp, NJ