Mixed Use- Corner Rt 46 Highway Property for Sale

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Mixed Use- Corner Rt 46 Highway Property for Sale
Asking Price:
$1,699,900

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Prime commercial property for sale. Located on the busy corner property on 206 Route 46 Highway, Elmwood Park,NJ.
Tremendous visibility from both directions on Route 46.
Options to purchase the property or lease out the restaurant.
Commercial Property located at 206 Route 46, Elmwood Park, N.J.
This mixed-use property currently has a fully equipped, set up, turn-key Italian Restaurant. Full bar, dining room, kitchen,furniture,equipment and parking lot.
(There is an option to lease the restaurant)Liquor license and complete contents for the restaurant is $200,000. The rent for the restaurant, is $6,000 a month. The restaurant named Fratellis, is currently closed. Approximately 2000 sq. ft.

The property for sale, includes income producing 3 Family House. Rental income is $4900 a month. All units have separate utilities.
There is a commercial size Garage on the property,which produces an additional $1500 a month income. Billboard Signage with a 10 year lease brings in $2600 a month, of income as well
This is an opportunity to own a true winning, income producing property!
Hurry before this prime location gets scooped up!

About the Business

Real Estate:
Owned
Facilities:
High Income producing property. Mixed use. There are 4 means of income. Restaurant,Garage, 3 family House plus Billboard Sign. Projected $15,000 a month Income.
Great opportunity to retire and be a landlord.
Surrounded by major retail chains. This
Plenty of additional options for this prime corner, highway property! Builders, developers,banks,strip mall and retail chains desire!
Market Outlook/
Competition:
The most desirable piece of property! Ideal location! Corner, Route 46 highway East. Perfect for retail, strip mall,bank,fast food or drive thru site. Multiple means of egress and close to the Garden State Parkway exit. Large highway frontage and exposure.
Option: Lease Restaurant only. $200,000/$6,000 a month rent.
Growth & Expansion:
Highly populated area and plenty of drive by traffic on this busy Route 46 property. Across from Dunkin Donuts. The property is 19,907 sq feet./.0457 acre.
Plenty of options to develop this prime corner,highway property.
Strip mall,retail and fast food restaurants will want this spot! Don't let someone else grab this golden opportunity! All this,for sale only $1,699,900. Call us today!
Contact the Seller

About the Sale

Reason For Selling:
Other Interests
Seller Financing:
Mixed use/Income producing/with options

Listing Info

ID:
1472843
Ad Detail Views:
995

Attached Files Attachment Disclaimer

  Property sketch Rt 46 (288 KB)
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Business Listed by

Bart D. Natoli

ReMax Properties Plus

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