NJ
Union
Elizabeth City
07201
871 Elizabeth Ave
871 Elizabeth Ave, Elizabeth City, NJ 07201
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Listing Type
Commercial/Industrial
Listing Status
Active
7
$260,000

Home Details for 871 Elizabeth Ave

Price
$260,000
Type
Commercial Sale
County
Union
Days on site
52
MLS Listing#
4019248
Property Description

Opportunity for an owner-operator or investor looking to step into an established (turnkey) business in a busy and strategic location in the heart of Elizabeth. Restaurant/Pizzeria type, conveniently situated near business & major public transportation routes (1 & 9) and within close proximity to mayor offices of Elizabeth City Hall, (Police Department, Fire Department etc.). This business has been successfully operating for over 10 years and has built a loyal customer base in the community. The restaurant serves a variety of ethnic and American cuisine, including pizza, appealing to a broad range of customers. This turnkey operations include: 2 pizza ovens, a 6-burner stove, fryer, grill, cold buffet stand, warmer stand, meat cutter machine, large dough/batter beater machine, large walk-in freezer,3 soda machines (owned by vendors), refrigerator, fixtures, etc. 5 Year Lease expiring end of 2030 for $3400/month - Utilities approx $600/month . Current seating capacity: 13 tables with 4 chairs each. Potential for improvement - could benefit from remodeling to maximize the layout and create additional seating capacity, providing an opportunity for the new owner to further grow the business. Information on gross & net income will be available to willing & able buyers only.

Property Features
  • Water Features
    • Public
Listing Courtesy: RE/MAX IN ACTION - 908-558-2727
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EXIT REALTY LUCKY ASSOCIATES (ELIZABETH)
640 Newark Ave., Elizabeth, NJ 07208
Office
908 289 7746
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