1710 Oak Tree RdEdison, NJ 08820

  • Other commercial real estate
  • 1.33 AC
For Sale
$375,000 View listing

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
1710 Oak Tree Rd, Edison, New Jersey

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$54,220
$266,200
$684,200
$950,400
-
$266,200
$684,200
$950,400

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