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1553-1555 Summit Ave 2,925 SF 100% Leased Retail Building Hillside, NJ 07205 $1,297,377 CAD ($443.55 CAD/SF)
Investment Highlights
- Main Street
Executive Summary
1553 Summit Ave #1553 offers a unique opportunity to own a fully operating business with additional income potential. This well-established neighborhood destination has been successfully operating for 15 years, known for its lively atmosphere, great food, and popular drink selection.
The sale includes the business, liquor license, inventory, security system, furniture, and all fixtures. The property also features an attached income-producing unit, creating dual revenue streams for the new owner.
A turnkey opportunity with a loyal customer base and strong local presence.
The sale includes the business, liquor license, inventory, security system, furniture, and all fixtures. The property also features an attached income-producing unit, creating dual revenue streams for the new owner.
A turnkey opportunity with a loyal customer base and strong local presence.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,925 SF
Building Class
B
Year Built
1944
Price
$1,297,377 CAD
Price Per SF
$443.55 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.73
Lot Size
0.09 AC
Zoning
R40T - Bar/Restaurant
Parking
3 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
39’ on Summit Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Carli's Impressions Hair Studio
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Carli's Impressions Hair Studio | Services | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-00408-0000-00002 | Improvements Assessment | $99,010 CAD |
| Land Assessment | $66,098 CAD | Total Assessment | $165,108 CAD |
Property Taxes
Parcel Number
07-00408-0000-00002
Land Assessment
$66,098 CAD
Improvements Assessment
$99,010 CAD
Total Assessment
$165,108 CAD
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1553-1555 Summit Ave
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