Old Canal Inn 2 E Passaic Ave

Investment Highlights

Executive Summary

Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room. An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth. (LIQUOR LICENSE INCLUDED WITH SALE.)

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Freestanding Restaurant
• Building Size    6,800
• Building Class    C
• Year Built/Renovated    1908/2015
• Price    2,195,000
• Price Per SF    323
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    0.38
• Land Acres    0.41 AC

• Corner Lot
• Restaurant
• Security System