257 Clinton Ave, Newark, NJ 07108

Property Description

Turnkey restaurant, bar, and lounge offered with income-producing real estate and separately deeded land at 257 Clinton Avenue in Newark. The business has an approximate valuation of $683,000, and two residential rental units generate approximately $52,000 in annual rental income. Approved building plans provide an opportunity for expansion. The restaurant features high-end equipment in excellent condition, fully owned and included in the sale, including a fire suppression system, dishwasher, two six-burner ranges, two fryers, espresso machine, dough mixer, and additional kitchen equipment. The basement offers a full prep kitchen, two walk-in boxes, a fenced and gated liquor storage area, and a security system with cameras and monitors. An upper mezzanine features a DJ booth and tables overlooking the bar area. Separate utilities. Business and real estate offered together. LLiquor license IS INCLUDED.