Rare Bergen County Hospitality Property | Restaurants + Apartments

Asking Price$4,800,000

Gross Revenue
Not Disclosed

Net Operating Income$300,000

FF&ENot Disclosed

Building Sq. Ft.10000

Price per Sq. Ft.Not Disclosed

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Rare Bergen County Hospitality Property | Restaurants + Apartments


Asking Price$4,800,000

Gross Revenue
Not Disclosed

Net Operating Income$300,000

FF&ENot Disclosed

Building Sq. Ft.10000

Price per Sq. Ft.Not Disclosed


Seller Financing Available
Property Description
Business Description (4,000 Characters)

Rare Bergen County Hospitality Investment Property – Restaurants, Residential Income & Operator Upside

A unique opportunity to acquire a highly desirable Bergen County mixed-use hospitality property offering current rental income, established restaurant infrastructure, residential income, and multiple future ownership strategies.

Unlike traditional restaurant acquisitions where a buyer only controls the operating business, this opportunity allows a qualified purchaser the ability to control the underlying real estate while creating long-term asset value.

The property currently consists of:

• Two established restaurant spaces
• Three residential apartments
• Multiple income streams
• Favorable tenant structure
• Hospitality infrastructure already in place

Current combined rental income is approximately $300,000 annually with restaurant tenants structured under triple net lease arrangements.

A purchaser has multiple potential strategies:

Investment Property Ownership

Acquire the real estate and continue operating as an income-producing investment property with established tenants.

Owner/User Hospitality Platform

A restaurant group, chef/operator, or hospitality family may have the opportunity to acquire the property and operate one or both restaurant spaces while controlling the underlying real estate.

Multi-Concept Hospitality Destination

The two restaurant spaces provide a rare opportunity to create complementary dining concepts under common ownership.

Potential examples:

• Premium dining concept
• Casual dining concept
• Bar/lounge concept
• Private dining/events
• Catering opportunities

A liquor license is available separately, providing additional flexibility for a qualified operator looking to enhance guest experience and create additional revenue channels.

The ability to combine:

Real estate ownership
+
Restaurant operations
+
Residential income
+
Liquor license opportunity

creates a unique long-term hospitality investment platform.

For experienced operators, the combined restaurant spaces may provide the opportunity to develop a $3M–$5M+ hospitality platform with professional management, operational efficiencies, and enhanced marketing.

This opportunity is ideal for:

• Hospitality families
• Restaurant groups
• Owner/operators
• Real estate investors
• 1031 exchange buyers
• Long-term investment groups

Confidential offering.

Property details, exact location, tenant information, financial documentation, lease information, and additional materials will only be provided after buyer qualification and execution of a confidentiality agreement.
Listing Info
ID:
2526394
Listing Views:

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Property Listed by: Fred Luberto The Luberto Group

Listing ID: 2526394 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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