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492 Market St 9,159 SF Retail Building Saddle Brook, NJ 07663 $4,469,850 CAD ($488.03 CAD/SF)
Executive Summary
Perfectly located in the heart of Saddle Brook, this exceptional commercial property sits on approximately 25,000 square feet of land and offers 53 parking spaces. The property enjoys outstanding visibility, with exposure to over 13,000 vehicles per day.
The owner currently operates a successful Japanese Hibachi Restaurant & Bar on the premises. The second floor features an approximately 3,000-square-foot banquet hall, providing additional revenue opportunities for events and private functions.
The liquor license is available separately for $200,000.
This is an excellent opportunity for an owner-operator to continue running a well-established Japanese restaurant, or the property can be delivered vacant for a new concept. The site also offers significant redevelopment potential, making it an attractive investment for developers and investors alike.
The owner currently operates a successful Japanese Hibachi Restaurant & Bar on the premises. The second floor features an approximately 3,000-square-foot banquet hall, providing additional revenue opportunities for events and private functions.
The liquor license is available separately for $200,000.
This is an excellent opportunity for an owner-operator to continue running a well-established Japanese restaurant, or the property can be delivered vacant for a new concept. The site also offers significant redevelopment potential, making it an attractive investment for developers and investors alike.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,159 SF
Building Class
C
Year Built
1950
Price
$4,469,850 CAD
Price Per SF
$488.03 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.57 AC
Zoning
B-2 - Commercial
Parking
53 Spaces (5.79 Spaces per 1,000 SF Leased)
Frontage
62’ on Market St
Amenities
- Restaurant
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 57-00707-0000-00006 | Improvements Assessment | $1,240,881 CAD |
| Land Assessment | $852,546 CAD | Total Assessment | $2,093,427 CAD |
Property Taxes
Parcel Number
57-00707-0000-00006
Land Assessment
$852,546 CAD
Improvements Assessment
$1,240,881 CAD
Total Assessment
$2,093,427 CAD
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492 Market St
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