Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1990
Sq.Footage
2,200
The sale includes: 3-Family Investment Property, Vacant Restaurant, and "33" Riverdale Liquor LicenseProperty Overview:For sale is this freestanding mixed-use property on one of Riverdale's busiest commercial corridors. The offering includes a fully-equipped restaurant space with its own Riverdale "33 Plenary Retail Consumption liquor license (2,200 SQFT), plus a three-family residential building (2,285 SQFT) and dedicated garages delivering multiple income streams under one roof. The restaurant is currently vacant while undergoing cosmetic upgrades, giving a new owner-operator the flexibility to open turnkey or customize the space, while the residential units and garages provide immediate, stable cash flow from day one. Ideal for an owner-operator looking to run their own restaurant while collecting residential rental income, or for an investor seeking a stabilized, multi-income asset with upside in a high-visibility Morris County location.1 Bedroom Apartment (leased) - $1,000/month - $12,000/annual 2 Bedroom Apartment (leased) - $1,700/month - $20,400/annual 2 Bedroom Apartment (leased) - $2,350/month - $28,200/annual Freestanding Restaurant (vacant) - *$4,950/month - $59,400/annual 2-Car Garage (leased) - $450/month - $5,400/annual. Annual Expenses: Property Taxes: $11,799 Septic Pumping: $2,100 Total Potential Gross Income - $10,900/month - $130,800/annual income *Restaurant income reflects market rent if leased. The space may alternatively be owner-occupied.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Forced Air, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.62
-
Property Type
Commercial Sale
-
Property Sub Type
Business
Price
-
Sales Price
$1,495,000
-
Tax Amount
$11,799
-
Zoning
CRD
-
Sq. Footage
2,200
-
Price/SqFt
$679
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Fee Simple
-
Sewer
Septic Tank
-
Tax Lot
*
-
Water Source
Public
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Location
County
Morris
Elementary School
Middle School
High School
Listing Courtesy of None, JC KAPAS REAL ESTATE
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