117 Watchung Ave

    Montclair Twp., NJ 07042
    • $179,000
    • STATUS: Active
    • ON SITE: 338 days
    • MLS #: 3569039
    UPDATED: 208 min ago
    $179,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,725
      SQFT
    • $104
      $/SQFT
    Type:
    Business Opportunity
    County:
    Essex
    Area:
    Montclair Twp.

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    Description

    Here is your chance to own a piece of Montclair's historic business district. This favorite neighborhood deli, established in 1926, is a popular place for breakfast, lunch, and dinner. Services include Catering, Trademarked Specialty Sandwiches, Subs, Wraps, Soups, Salads. Great location with strong and loyal following and long standing traditions. Currently no advertising in place. Menu pricing is currently under market leaving significant room for new owners to generate additional revenue. Currently 5 employees who would stay on. Goodwill included. Option to Lease the store for $3000/month, or buy the Real Estate as an owner operator for an additional $529,000 (for a total purchase price of $708k) and get income from rental unit upstairs.

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    © 2020 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-05-30T22:46:09.9.
    www.keytonewjersey.com/homes/96332434

    117 Watchung Ave Montclair Twp., NJ 07042

    • Price: $179,000
    • Status: Active
    • Updated: 208 min ago
    • MLS #: 3569039
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,725
    SQFT
    $104
    $/SQFT
    County:
    Essex
    Area:
    Montclair Twp.
    Property Description
    Here is your chance to own a piece of Montclair's historic business district. This favorite neighborhood deli, established in 1926, is a popular place for breakfast, lunch, and dinner. Services include Catering, Trademarked Specialty Sandwiches, Subs, Wraps, Soups, Salads. Great location with strong and loyal following and long standing traditions. Currently no advertising in place. Menu pricing is currently under market leaving significant room for new owners to generate additional revenue. Currently 5 employees who would stay on. Goodwill included. Option to Lease the store for $3000/month, or buy the Real Estate as an owner operator for an additional $529,000 (for a total purchase price of $708k) and get income from rental unit upstairs.
    Exterior Features

    Garage Description NoneOn-Street Parking Location Business DistrictResidential AreaShared BuildingStrip Mall Store Parking Driveway Description NoneOn-Street ParkingSee Remarks Road Type City/Town Street

    Interior Features

    Available Sq Ft 1225 Basement Yes Basement Description Unfinished Cooling 2 UnitsCentral AirWall A/C Unit(S) Fuel Type ElectricGas-Natural Number Of Lavatories 1

    Property Features

    Acceptable Financing BuyerCash Business Classification Retail Business Established 1926 Business Name Watchung Deli Documents Available See Remarks Existing Lease Seller Owns Building Gross Operating Income 644511 Heating 2 UnitsBaseboard - ElectricRadiators - Steam Income Expense Source Owner Lease Amount Month 0 Net Operating Income 130250 Ownership Type Corporation Price Includes Business NameBusiness Phone NumbersCustomer ListFurnishingsGoodwillInventoryMachineryTrade Fixtures/Equipment Primary Business Classification Retail Real Estate For Sale Yes - Not Listed in Mls Sewer Public Sewer Total Operating Expense 514261 Utilities ElectricGas-Natural Utility Amount 0 Water Public Water Zoning Nc

    Listing information © 2020 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Keller Williams - Nj Metro Group.


    © 2020 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-05-30T22:46:09.9.
     
    Coldwell Banker Residential Brokerage
    145 Maplewood Avenue
    Maplewood NJ, 07040