541 Union Ave Paterson, NJ 07522

This exceptional mixed-use property, located at 541 Union Ave in Paterson, NJ, presents a lucrative investment opportunity. The building, completely renovated in 2023, boasts 1,927 square feet across two stories and sits on a 1,927 square foot lot. The ground floor houses a thriving bar and karaoke establishment, "El Cubetazo," complete with a liquor license, brand new commercial kitchen equipment (including refrigeration units, sinks, ice machines, and bar equipment), and modern finishes. The equipment includes two glass door back bar coolers, a bottle cooler, an ice machine, a three-compartment sink, an additional sink, two ice bins with seven circuit boards, a glass rack, a glasswasher, a two-soda gun system, and an additional standing freezer in the apartment. The bar features granite countertops, new furniture (bar stools, tables, chairs, and leather couches), crown molding, LED and recessed lighting, two JBL speakers, a ten-inch in-ceiling speaker, a SONOS system, thirteen Samsung Smart TVs, fully wired Ethernet cabling for each TV, HDMI wiring, an HDMI switch, an HDMI splitter, an Epson projector with a 120-inch electric screen, and a digital LED display for the front window. Upstairs, a two-bedroom apartment offers a full bath, central air conditioning, and an unfinished basement with a half bath. The building is zoned COMMERCIAL and currently enjoys 100% occupancy, with the lease expiring October 30, 2024. Hardwood floors are featured throughout. This turnkey operation offers immediate income potential and significant upside. The asking price is $750,000.