15 S Orange Ave new Save Request In-Person Tour Request Virtual Tour
South Orange Village Twp.,NJ 07079
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,980 sqft
Price per Sqft $325
MLS Listing ID 3960329
Year Built 1900
Annual Tax Amount $62,392
Tax Year 2023
Lot Size 5,662 Sqft
Property Description
This is a fantastic opportunity for an experienced restaurateur, brewer, or bar operator, to acquire a turnkey restaurant in downtown South Orange. Or change the use completely and bring a retailer, pharmacy, QSR, national brand. The two-story masonry building spans approximately 7,980 sq ft and features two fully equipped kitchens. The building was originally built as a bank so you have a solid two story masonry structure with all open spans, and some classic wood workings like the fireplace and bars. The restaurant accommodates 110 patrons, with bar seating for 25, two high-top tables in the bar area, and four additional high-top tables in a separate area. The second floor offers event space with a capacity of up to 70 people, making it an Ideal location for special catered events. The building is conveniently located just one block from the South Orange downtown train station and is in a highly visible, high pedestrian and car traffic, retail location, with many new residential units in close proximity. The property will be delivered vacant at closing. Advised that can build up two more floors to either expand the commercial space, or put some residential units above, as per city and per engineer, please independently verify. Please note that the purchase price does not include the business or trade name associated with the property. Liquor license may be purchased for addl $600k. Equipment such as Brewery tanks, stills, kettles etc may be purchased separately for $200k
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Crawl Space, Full, Partial, Walkout
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air
Equipment Appliances, Exhaust System, Floor Drains, Furniture, Kitchen Area, Refrigeration Unit, Security System, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 3.0
Utilities Available All Underground
Roof Type Flat, Rubberized
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple