INVESTMENT/BUSINESS OPPORTUNITY! ~10% Cap Rate based on projected Net Operating Income. Here is the opportunity for an investor/bar owner/restauranteur to purchase a commercial property with a bar/restaurant on the ground floor and a large apartment upstairs. The square footage for the bar is 1,600 SF & the apartment upstairs is 1,500 SF. The current bar has been in business for 47 years and is very well known in town. The liquor license is included in the sale. The future owner can either lease the bar/restaurant to an Operator or use it for their own business and collect rental income from the apartment. The apartment features hardwood floors throughout, many windows, and a large skylight. Additionally, the apartment features a spacious living room, dining room, and kitchen area plus four separate bedrooms. The bar and apartment are separately metered and prospective tenants would pay their own utilities. This multifunctional, corner lot property is close to ALL buses and trains to NYC, as well as walking distance to all local shops and restaurants. A great investment/business opportunity in an area with a lot of potential!
Off market
$741,700
729 Harrison Ave, Harrison, NJ 07029
3beds
1,829sqft
MultiFamily
Built in 1900
-- sqft lot
$741,700 Zestimate®
$406/sqft
$3,378 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Features
- Basement: Unfinished, Full, Walk-Out
Interior area
- Total interior livable area: 1,829 sqft
Property
Lot
- Size: 1,829 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Harrison
Other
Other facts
- Type: 2 Family
- Taxes: 11815
- BASEMENT: Unfinished, Full, Walk-Out
- EXTERIOR FINISH: Aluminum/Vinyl, Brick
- HEATING/COOLING: Other-See Remarks
- Lead Paint Form Y/N: Yes
- BUILDING STYLE: Multi-Level
- PARKING AVAILABLE: Other-See Remarks
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$741,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$741,700