NJ
Morris
Riverdale Boro
07457
26 Paterson Ham Burg Tpke
26 Paterson Ham Burg Tpke, Riverdale Boro, NJ 07457
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Listing Type
Commercial/Industrial
Listing Status
Active
7
$1,495,000

Home Details for 26 Paterson Ham Burg Tpke

Price
$1,495,000
Type
Commercial Sale
Year built
1990
Lot size acres
0.62
County
Morris
Basement
Unfinished
MLS Listing#
4053195
Property Description

The sale includes: 3-Family Investment Property, Vacant Restaurant, and "33" Riverdale Liquor LicenseProperty Overview:For sale is this freestanding mixed-use property on one of Riverdale's busiest commercial corridors. The offering includes a fully-equipped restaurant space with its own Riverdale "33 Plenary Retail Consumption liquor license (2,200 SQFT), plus a three-family residential building (2,285 SQFT) and dedicated garages delivering multiple income streams under one roof. The restaurant is currently vacant while undergoing cosmetic upgrades, giving a new owner-operator the flexibility to open turnkey or customize the space, while the residential units and garages provide immediate, stable cash flow from day one. Ideal for an owner-operator looking to run their own restaurant while collecting residential rental income, or for an investor seeking a stabilized, multi-income asset with upside in a high-visibility Morris County location.1 Bedroom Apartment (leased) - $1,000/month - $12,000/annual 2 Bedroom Apartment (leased) - $1,700/month - $20,400/annual 2 Bedroom Apartment (leased) - $2,350/month - $28,200/annual Freestanding Restaurant (vacant) - *$4,950/month - $59,400/annual 2-Car Garage (leased) - $450/month - $5,400/annual. Annual Expenses: Property Taxes: $11,799 Septic Pumping: $2,100 Total Potential Gross Income - $10,900/month - $130,800/annual income *Restaurant income reflects market rent if leased. The space may alternatively be owner-occupied.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Utilities
    • Propane
  • Basement
    • Unfinished
Listing Courtesy: JC KAPAS REAL ESTATE - 201-845-3700
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EXIT SOLGAR REALTY
200 Diamond Bridge Ave, Hawthorne, NJ 07506
Office
973 282 8642
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