For Sale
$1,700,000

507 Franklin AveNutley, NJ 07110

Restaurant w/ Liquor License, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 3,784 square foot retail property, located at 507 Franklin Avenue in Nutley, New Jersey, presents a unique investment opportunity. The former restaurant boasts 128 indoor seats, a mix of table and bar seating, and existing outdoor dining. Pending approvals are in place to expand outdoor seating by an additional 52 seats. The sale includes a valuable Broad C Liquor License. Situated on a 0.179-acre lot, the property benefits from convenient access to a dedicated rear parking lot with 12 spaces, plus adjacent public parking and ample street parking. Built in 1964, this single-story building is zoned B-3, offering significant potential. A key advantage for developers is the possibility of adding four apartments above the existing space without requiring a variance. This prime location in Essex County, zip code 07110, offers high visibility and strong potential for various retail uses. The property's existing infrastructure and zoning provide a solid foundation for a successful venture. Serious inquiries are encouraged to explore this promising investment.

Highlights

  • 3,784 SF retail space in Nutley, NJ.
  • Includes a Broad C liquor license.
  • Dedicated rear parking lot (12 spaces), plus municipal and street parking.
  • 128 indoor seats plus existing and expandable outdoor seating.
  • Expandable; potential for four additional apartments.

Property Details for 507 Franklin Ave

Property type
Retail properties
Square Feet
3,784 SF
Year Built
1964
Buildings
1
Stories
1
Lot Size (sq. ft)
7,797 SF
Units
1

Location Insight

City
Nutley
County
Essex
State
New Jersey
Latitude
40.8237179
Longitude
-74.155604
507 Franklin Ave, Nutley, New Jersey

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507 Franklin Ave
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