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2 E Passaic Ave 6,800 SF 100% Leased Retail Building Nutley, NJ 07110 $3,005,109 CAD ($441.93 CAD/SF)
Executive Summary
Opportunity knocks with this mixed-use building offering
an iconic, thriving Restaurant/Bar business with a rich
history and 4 residential apartments. Established nearly
a century ago, The Old Canal Inn is poised to continue
propelling forward. Total patron capacity of 186 including
the 75 in the dining room. An extensive craft beer list
flows through the 30 taps, with a strong customer base
which enjoys the outdoor patio, live entertainment,
catering, private parties and the in-house regulation
shuffleboard table as well as the 22 large screen TVs.
The kitchen and restaurant received a total renovation in
2015. AC systems (2022), Boiler (2020). The residential
apartments are well-maintained and fully occupied.
Turn-key, profitable operation with strong potential for
added growth....
an iconic, thriving Restaurant/Bar business with a rich
history and 4 residential apartments. Established nearly
a century ago, The Old Canal Inn is poised to continue
propelling forward. Total patron capacity of 186 including
the 75 in the dining room. An extensive craft beer list
flows through the 30 taps, with a strong customer base
which enjoys the outdoor patio, live entertainment,
catering, private parties and the in-house regulation
shuffleboard table as well as the 22 large screen TVs.
The kitchen and restaurant received a total renovation in
2015. AC systems (2022), Boiler (2020). The residential
apartments are well-maintained and fully occupied.
Turn-key, profitable operation with strong potential for
added growth....
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,800 SF
Building Class
C
Year Built/Renovated
1908/2015
Price
$3,005,109 CAD
Price Per SF
$441.93 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.38
Lot Size
0.41 AC
Zoning
B2 - Commercial
Parking
20 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-08604-0000-00001 | Improvements Assessment | $1,134,822 CAD |
| Land Assessment | $478,490 CAD | Total Assessment | $1,613,312 CAD |
Property Taxes
Parcel Number
16-08604-0000-00001
Land Assessment
$478,490 CAD
Improvements Assessment
$1,134,822 CAD
Total Assessment
$1,613,312 CAD
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2 E Passaic Ave
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