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Toba Restaurant and Bar with Liquor License 447 Broadway 8,400 SF 100% Leased Retail Building Westwood, NJ 07675 For Sale



EXECUTIVE SUMMARY
Exceptional Restaurant Property & Liquor License Opportunity — Downtown Westwood, Bergen County, NJ
Rare opportunity to acquire a fully improved restaurant property in the heart of downtown Westwood, one of Bergen County’s most vibrant dining and retail corridors. This sale includes both the real estate and a valuable consumption liquor license, offering unmatched potential for restaurateurs, investors, or operators seeking a premier location.
The property features a beautifully built-out, turnkey restaurant and bar space with quality finishes and an inviting layout ideal for full-service dining, craft cocktails, or a high-end concept. In addition, there are two existing tenants providing approximately $67,000 in annual rental income, which more than offsets the property taxes and provides positive cash flow from day one.
This is an exceptional investment and ownership opportunity combining:
• Prime downtown location in Westwood’s thriving restaurant district
• Ownership of both the real estate and liquor license
• Two rental income streams covering operating expenses
• Strong demographics and consistent pedestrian traffic
• Minutes from NJ Transit and major Bergen County highways
• Seller Financing available for qualified buyers
Whether for an owner-operator or investor, this property offers immediate income, long-term appreciation, and the unique value of a rare liquor license in a high-barrier-to-entry market. The flexibility of potential seller financing makes this an even more accessible and attractive opportunity.
Rare opportunity to acquire a fully improved restaurant property in the heart of downtown Westwood, one of Bergen County’s most vibrant dining and retail corridors. This sale includes both the real estate and a valuable consumption liquor license, offering unmatched potential for restaurateurs, investors, or operators seeking a premier location.
The property features a beautifully built-out, turnkey restaurant and bar space with quality finishes and an inviting layout ideal for full-service dining, craft cocktails, or a high-end concept. In addition, there are two existing tenants providing approximately $67,000 in annual rental income, which more than offsets the property taxes and provides positive cash flow from day one.
This is an exceptional investment and ownership opportunity combining:
• Prime downtown location in Westwood’s thriving restaurant district
• Ownership of both the real estate and liquor license
• Two rental income streams covering operating expenses
• Strong demographics and consistent pedestrian traffic
• Minutes from NJ Transit and major Bergen County highways
• Seller Financing available for qualified buyers
Whether for an owner-operator or investor, this property offers immediate income, long-term appreciation, and the unique value of a rare liquor license in a high-barrier-to-entry market. The flexibility of potential seller financing makes this an even more accessible and attractive opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,400 SF
Year Built/Renovated
1938/2024
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.20 AC
Zoning
CBD - Central Business District
Frontage
47’ on 447 Broadway
AMENITIES
- Courtyard
- Restaurant
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-00807-0000-00003 | Total Assessment | $3,245,210 CAD (2025) |
| Land Assessment | $560,977 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,684,233 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
67-00807-0000-00003
Land Assessment
$560,977 CAD (2025)
Improvements Assessment
$2,684,233 CAD (2025)
Total Assessment
$3,245,210 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Toba Restaurant and Bar with Liquor License | 447 Broadway
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