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.
Highlights
$750,000 asking price for a 1,927 sq ft mixed-use building in Paterson, NJ.
Totally renovated in 2023, this two-story building offers a ground floor bar and karaoke business with a liquor license.
The second floor features a two-bedroom apartment with a full bath, central air, and a half bath in the unfinished basement.
Includes new commercial kitchen equipment and bar fixtures.
Modern finishes such as granite countertops and hardwood floors, plus new furniture are featured throughout.
High-end audio/visual system with multiple TVs, speakers, and a projector is included.
Property Details
for 541 Union Ave
Property type
Mixed-use properties
Square Feet
1,927 SF
Year Built/Renovated
1950/2023
Stories
2
Units
2
Location Insight
City
Paterson
County
Passaic
State
New Jersey
Latitude
40.92397809
Longitude
-74.18094259
541 Union Ave, Paterson, New Jersey
Nearby Similar for Sale
For Sale
$2,100,000
Haledon Assemblage: Restaurant & More
Prime Haledon location, assemblage sale, high potential.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Johnny Rojas
Visit Broker Website
Learn more
Useful Information
Request information
541 Union Ave, Paterson, New Jersey, 07522
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
541 Union Ave
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.