870 Broadway Newark, NJ $ 545,000
870 Broadway
$ 545,000
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870 Broadway

Newark, NJ, 07104
$ 545,000
Bedrooms-- Baths-- Sq 6,408

Monthly Estimate*

$ 3,400

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Commercial Property for sale in Newark, NJ

for $545,000 with 5 half baths. This building is 6,408 square feet.

The Latin Flavor Restaurant & Lounge - "Turnkey Restaurant Opportunity in Prime Location " Don't Miss Out!" Are you looking to own a thriving business in a high-traffic area? This restaurant/lounge offers a proven concept with strong community support, consistent revenue, and excellent growth potential. Whether you're a seasoned restaurateur or a budding entrepreneur, this is a chance to step into a fully equipped, operational restaurant without the hassle of starting from scratch. Situated in a bustling area with high foot traffic and visibility, save thousands on startup costs with a ready-to-go setup. Expand hours, introduce catering, or refine the menu to boost profits. Lower level with plenty of storage space and finished space. Seller is willing to assist during the transition for a smooth handover. Liquor license C Class - "Plenary Retail Consumption License Title 33" - alcoholic beverages can be sold On and Off premises, the license also allows the sale of packaged merchandise, novelty clothing, cigars, cigarettes, snacks, and nonalcoholic beverage. Equipments, inventory and goodwill included in the sale.

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Commercial Pending

Price

$ 545,000

Half Bath

5

Property Type

Commercial

Taxes

$ 0

Style

Retail

Town/City

Newark

County/Region

Essex

MLS | Web ID

3934275

Features
General
Sewer Public Sewer
Heating 3 Units Forced Hot Air
Cooling 3 Units
Utilities Gas In Street
Possession 0-30 Days
Garage None On-Street Parking
Township Newark City
Ownership See Remarks
Gross Income 0
Business Type Retail
Business Name The Latin Flavor Res
County Essex
Net Operating Income 0
Operating Expense 0
Status Under Contract
Directions From McCarter Highway to Verona Ave. From Washington Ave to Broadway
Drive None On-Street Parking
Leasable Area 3300
Standard Status Under Contract
Town # 1614
Leasehold Rent $/Mo 6000
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Interior
Basement Finished Full
Fuel Type Gas-Natural
Half Baths 5
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Exterior
Water Source Public Water
Road Type City/Town Street Corner
Building Area Total 6408
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* Excluded Features
List By
JAMILLE HERNANDEZ

Listing Agent

3Sixty Realty Llc

Broker

Affordability Calculator

$3,400
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,400
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/10/2024$545,000 -9.92% Price Down
11/13/2024$605,000 Listed Price

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870 Broadway, Newark, NJ, 07104 is a Commercial Property for sale at $545,000 with 6,408 sqft. The property's zip code is 07104 which is in Newark, NJ