About This Restaurant
Investment Highlights
Large property with great potential to expand and tremendous housing development in the surrounding communities
Executive Summary
Bergen Cty Restaurant with incredible growth potentialThis extremely popular upscale white table cloth restaurant has recently ceased operation and offers an incredible chance to own a stand alone building in a prime location in the heart of Bergen County. Surrounded by some of the most affluent towns in northern Bergen, it features a 1 acre tract of land with a fully operational restaurant and a #33 Plenary Liquor License. The expansion capabilities due to the size of the property make this an amazing opportunity to build a an even larger establishment. Additionally, the location has an amazing exposure from the street with on site parking and ample room to develop a fabulous outside dining option.Multi story Building on .95 acres. Fully operational kitchen with walk in refrigerators, in lower level with prep-kitchen. Dining room seats 75 people with 12 at the bar Existing 30 car parking lot Located in a residential/Retail area with great exposure and access to major roads (Garden State Parkway) and an extremely affluent area. Avg Median Income $195,000
Property Details
- Sale Type Investment or Owner User
- Sale Condition Business Value Included
- Property Type Retail
- Property Subtype Restaurant
- Building Size 5,500
- Building Class C
- Year Built 1920
- Price 2,299,000
- Price Per SF 418
- Tenancy Single
- Building Height 2 Stories
- Building FAR 0.13
- Land Acres 0.95 AC
Property Taxes
| Parcel Number | 47-00903-0000-00004 | Improvements Assessment | $471,300 |
| Land Assessment | $244,300 | Total Assessment | $715,600 |
| Date Created: | 2024-07-16 04:16:25 | Last Updated: | 2024-07-16 04:16:25 |
| Address: | 86 Spring Valley Rd , Park Ridge, New Jersey, 07656 | ||