217 Frelinghuysen Ave | Newark City

$2,500,000 | 5 Baths (5 Half) | 5,628 Sq. Ft.

Introducing an unparalleled investment opportunity: a fully operational restaurant bar that stands as the epitome of profitability and potential. This property isn't just another venue; it's a lucrative business venture waiting to be seized. Immerse yourself in a world of endless possibilities as this establishment comes fully equipped and in impeccable condition. From the moment you step through the doors, you'll realize the immense potential for success that awaits you. This property stands out because it includes a coveted liquor license, boosting revenue potential from day one. Beyond just a bar, it offers multiple revenue streams with two studio apartments and two full apartments providing rental income opportunities or accommodations for staff members. Additionally, a dedicated banquet area caters to large groups and special events, ensuring a steady stream of patrons year-round. Ample storage space in the walk-in basement and freezers allows efficient inventory management. Entertainment areas on both floors elevate the guest experience, with a DJ booth on each floor for live music events or private functions. This turnkey opportunity promises prosperity, eliminating the hassle of starting from scratch and positioning you for success in the bustling restaurant and bar industry. Seize the moment and transform your entrepreneurial dreams into reality. GSMLS 3896318

Directions to property: Google Maps

MLS Listing ID: 
GSMLS 3896318
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
0
Living Area: 
5,628
Construction
Construction Materials: 
See Remarks
Roof: 
See Remarks
Exterior: 
See Remarks
Energy Information: 
See Remarks
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
5
Total Half-Bathrooms: 
5
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Heating System Fuel: 
See Remarks
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.13
Lot Size (Dimensions): 
50X112.6
Waterfront: 
0
Lot Features
Driveway: 
See Remarks
Parking Type: 
See Remarks
Public Record
Parcel Number: 
1614-02759-0000-00007-0000-
Lot Number: 
7
Annual Tax: 
$24,791.00
Property Zoning: 
0
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/16/2024
Contract Details
Details about the listing contract.
Inclusions: 
See Remarks
Possession: 
at closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REAL