217 Frelinghuysen Ave Newark, NJ $ 2,500,000
217 Frelinghuysen Ave
$ 2,500,000
Share Save

217 Frelinghuysen Ave

Newark, NJ, 07114
$ 2,500,000
Baths0.5 Sq 5,628

Monthly Estimate*

$ 16,616

217 Frelinghuysen Ave, Newark, NJ 07114 - Image 1
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 2
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 3
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 4
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 5
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 6
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 7
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 8
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 9
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 10
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 11
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 12
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 13
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 14
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 15
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 16
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 17
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 18
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 19
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 20
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 21
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 22
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 23
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 24
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 25
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 26
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 27
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 28
217 Frelinghuysen Ave, Newark, NJ 07114 - Image 29
Studio

Commercial Property for sale in Newark, NJ

for $2,500,000 with 5 half baths. This 5,628 square foot building was built on a lot size of 0.13.

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.

See more

Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Half Bath

5

Property Type

Commercial

Taxes

$ 24,791

Style

RestBar

Lot Size

0.13

Town/City

Newark

County/Region

Essex

MLS | Web ID

3896318

Features
General
Sewer Public Sewer
Construction See Remarks
Heating See Remarks
Cooling Window A/C(s)
Utilities See Remarks
Possession at closing
Roof See Remarks
Zoning 0
Year Built 0
Township Newark City
Property Type Restaurant Restaurant/Bar RestBar
Tax Year 2023
Percent Ownership Fee Simple
Location See Remarks
County Essex
Status Active
Directions Google Maps
Total Units 4
Street Name Frelinghuysen Ave
Tax Annual Amount 24791
Drive See Remarks
Leasable Area 5628
Days on Market 0
Standard Status Active
Tax Assessed Value 665000
Town # 1614
Tax Lot 7
See more
Exterior
Water Source Public Water
Exterior Description See Remarks
Building Area Total 8593
Lot Dimensions 50X112.6
Lot Size Acres 0.13
See more
Interior
Fuel Type See Remarks
Total Stories 2
Half Baths 5
See more
* Excluded Features
List By
JULISSA RENGIFO

Listing Agent

Real

Broker

Julie@juliesrealtygroup.com

Email

Affordability Calculator

$18,682
Per Month
89%
11%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$2,066
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2024$2,500,000 Listed Price

Map


See all

217 Frelinghuysen Ave, Newark, NJ, 07114 is a Commercial Property for sale at $2,500,000 with 5,628 sqft and a lot size of 0.13. 217 Frelinghuysen Ave is a studio with 0.5 baths. The property's zip code is 07114 which is in Newark, NJ