7
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$260,000
Est. payment /mo
1,600 SqFt
Active
871 Elizabeth Ave Elizabeth City, NJ 07201
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $162
MLS Listing ID 4019248
Property Description
Opportunity for an owner-operator or investor looking to step into an established (turnkey) business in a busy and strategic location in the heart of Elizabeth. Restaurant/Pizzeria type, conveniently situated near business & major public transportation routes (1 & 9) and within close proximity to mayor offices of Elizabeth City Hall, (Police Department, Fire Department etc.). This business has been successfully operating for over 10 years and has built a loyal customer base in the community. The restaurant serves a variety of ethnic and American cuisine, including pizza, appealing to a broad range of customers. This turnkey operations include: 2 pizza ovens, a 6-burner stove, fryer, grill, cold buffet stand, warmer stand, meat cutter machine, large dough/batter beater machine, large walk-in freezer,3 soda machines (owned by vendors), refrigerator, fixtures, etc. 5 Year Lease expiring end of 2030 for $3400/month - Utilities approx $600/month . Current seating capacity: 13 tables with 4 chairs each. Potential for improvement - could benefit from remodeling to maximize the layout and create additional seating capacity, providing an opportunity for the new owner to further grow the business. Information on gross & net income will be available to willing & able buyers only.
Location
State NJ
County Union
Zoning commercial
Interior
Heating See Remarks
Cooling See Remarks
Heat Source See Remarks
Exterior
Parking Features None
Utilities Available Electric
Building
Sewer See Remarks
Water Public Water
Others
Ownership Sole Proprietorship
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