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Cindy Huang

cindyhuangrealtor@gmail.com +1(201) 647-6663

$ 1,500,000

Est. payment | -/mo

2,400 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

2,400 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $625

MLS Listing ID 4017006

Year Built 1920

Annual Tax Amount $15,230

Tax Year 2025

Lot Size 0.550 Acres

Property Description

Prime Investment Opportunity: Turnkey Hospitality & Multi-Phase Development Opportunity!!Rarely does a property offer immediate cash flow along with development potential. Situated on a high-visibility deep lot, this multifaceted site is ideal for the strategic investor or owner-operator looking to diversify their portfolio.The Restaurant: Fully renovated, functioning (QSR) restaurant. * New HVAC, plumbing, electrical systems, framing, insulation, bathrooms, etc. * Contemporary dining room with high-end fixtures and a welcoming atmosphere. * Fully equipped with commercial-grade appliances and optimized for high-volume service.Single-Family Rental: Attached to the restaurant is a single-family home, currently utilized as a rental property.The Future: Conceptual Apartment Development!Maximize the "highest and best use" of this land. Included with the sale are professional conceptual drawings for multi-family residential expansion designed by the township engineer.Concept A: 11-units ,1,236sf per unit over 3 floors (knock down all existing structures)Concept B: 5-units, 1,200sf per unit over 2 floors and keep the existing restaurant but knock down the house Concept C: 3-4 units, 1,500sf per unit over 2 floors and keep the existing restaurant but knock down the houseConcept D: 9-units, 1,000sf per unit over 3 floors (knock down all existing structures)Additional Revenue: Active Truck Parking currently generates auxiliary income by leasing out truck parking spots.

Location

State NJ

County Passaic

Zoning Commercial

Rooms

Basement Finished

Interior

Heating Gas-Natural

Cooling Central Air

Flooring Tile, Wood

Equipment Exhaust System, Furniture, Kitchen Area, Office Equipment, Refrigeration Unit, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by BHHS FOX & ROACH

Nearby Locations

"My job is to protect your interests and guide you through every step of buying, selling, or investing in New Jersey real estate."

+1(201) 647-6663

cindyhuangrealtor@gmail.com

165 Passaic Ave, Suite 205, Fairfield, New Jersey 07004, USA

897 Ringwood Ave Wanaque Boro, NJ 07420

Cindy Huang

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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897 Ringwood Ave