1710 Oak Tree RdEdison, NJ 08820
- Other commercial real estate
- 1.33 AC
Property Details for 1710 Oak Tree Rd
- Lot size
- 1.33 AC
- Zone code
- GB
- Property type
- Other commercial real estate
- APN
- 05 00546- 09-00036
- APU
- 5005460900036
Description
This turnkey Indian restaurant presents a fantastic investment opportunity in Edison, New Jersey. Located at 1710 Oak Tree Road, this 4,400 square foot corner property boasts a prime location with 40 dedicated parking spaces, ensuring ample customer convenience. The restaurant is fully equipped with all furniture, fixtures, and equipment (FF&E) included in the sale price of $375,000. The spacious interior comfortably seats 95 patrons. Operational efficiency is maximized with the inclusion of a walk-in cooler and a walk-in freezer, both essential for food storage and preparation. All equipment is new, minimizing the need for immediate capital expenditures. The current lease agreement offers significant security with 4 years remaining on the sublease, plus a 5-year extension option. This provides a long-term outlook for the business, minimizing lease-related uncertainties. The property is situated in Middlesex County, New Jersey, with the precise address being 1710 Oak Tree Road, Edison, NJ 08820. This established restaurant is ready for immediate operation, presenting a unique chance to acquire a profitable business with minimal start-up costs. The location's visibility and ample parking make it an attractive destination for diners. This is a rare opportunity to own a well-established, fully equipped restaurant in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $10,971,705
- Hospitality
- $10,050,023
- Educational
- $8,361,501
- Medical
- $8,649,066
- Retail
- $13,006,780
Location Insight
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.5736
- Longitude
- -74.3442
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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