Investment Highlights
Wonderful Owner-User for Restaurant or Bar Operation
Liquor License Sold Separately - Inquire today for it!
Own Your Business and Have Tenants Pay Your Rent
Excellent Investment for Cashflow and Appreciation
Add Value Investment - Undervalued Rents
Building Price Per SF: $667/ft
Executive Summary
Distinguished Opportunity: The Barge Inn - Restaurant, Bar, (x2) and Four (x4) Apartment Units.Presenting an iconic opportunity to acquire not just one, but two well-established and highly successful businesses ? The Barge Inn, a renowned restaurant and bar, along with four accompanying apartment units. This corner property, strategically positioned just off Newark Avenue, has proudly served as a neighborhood cornerstone for over five decades.Encompassing the full footprint of the lot, this property offers a myriad of possibilities for investors and entrepreneurs alike. Ideally located in proximity to Newark Avenue's pedestrian plaza and restaurant row, this establishment has been a consistent presence in the community.The Grove Street PATH features four apartments, each thoughtfully designed for modern living. Unit 1 comprises a one-bedroom with a bonus room and one bath, while Units 2 and 3 offer two bedrooms and one bath each. Unit 4 is a well-appointed one-bedroom with one bath. Alongside the residential units, the property includes a thriving restaurant and bar, both contributing to the allure of this investment.Currently, the owner is in the process of developing plans for a strategic redevelopment, presenting a substantial opportunity for new development in this prime location. The entire building, including the restaurant, bar, and apartments, can be delivered vacant, offering a clean slate for visionary projects.Explore the immense potential of this distinguished property ? an iconic establishment poised for a new chapter of success. For further details or to discuss this unparalleled opportunity, kindly contact us at your earliest convenience.
