Property Details


Listing ID: 170005039
Price: $575,000
Address: 729 HARRISON AVE
City: Harrison
State: New Jersey
Postal Code: 07029
Bedrooms: 3
Total Baths: 3
Full Baths: 1
Partial Baths: 2
County: Hudson
INVESTMENT/BUSINESS OPPORTUNITY! ~10% Cap Rate based on projected Net Operating Income. Here is the opportunity for an investor/bar owner/restauranteur to purchase a commercial property with a bar/restaurant on the ground floor and a large apartment upstairs. The square footage for the bar is 1,600 SF & the apartment upstairs is 1,500 SF. The current bar has been in business for 47 years and is very well known in town. The liquor license is included in the sale. The future owner can either lease the bar/restaurant to an Operator or use it for their own business and collect rental income from the apartment. The apartment features hardwood floors throughout, many windows, and a large skylight. Additionally, the apartment features a spacious living room, dining room, and kitchen area plus four separate bedrooms. The bar and apartment are separately metered and prospective tenants would pay their own utilities. This multifunctional, corner lot property is close to ALL buses and trains to NYC, as well as walking distance to all local shops and restaurants. A great investment/business opportunity in an area with a lot of potential!

Primary Features

Area: Harrison
Bank Owned Y/N: no
Building Style: Multi-Level
County: Hudson
Exterior Finish: Aluminum/Vinyl, Brick
Heating/Cooling: Other-See Remarks
Inclusions: Liquor License. All Major Installed Appliances in the Bar & Apartment. Also included are all items in the bar; Pool Table, ATM Machine, Lottery Machine, All Appliances, & Liquor A more detailed list will be
Property Subtype: 2 Family
Property Type: Multifamily
Short Sale (Y/N): No

Additional

Exclusions: Owners Personal Belongings.
Status Category: Active

Financial Details

Associated Document Count: 2
DOM: 57
HotSheet Date: 2017-03-30
Sale/Rent: For Sale
Search Price: 575000
Taxes: 11815
Water Sewer Expense: 1174

Interior Features

Basement: Full, Unfinished, Walk-Out

Location Information

Between: Corner of Harrison & Manor

External Features

Lot Size: 30.5 X 60
Parking Available: Other-See Remarks

Zoning Info


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Listing courtesy of COURT STREET PROPERTY GROUP (201)-822-1850.
Data services provided by IDX Broker