Turnkey Restaurant For Sale

1105 New Jersey 10 Randolph, NJ 07869

1105 New Jersey 10, Randolph, NJ, 07869
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FOR SALE
Property Type:
Restaurant
Amount:
$2,500,000
Last Verified:
Nov 16, 2024

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Highlights

  • 414' frontage on Route 10
  • Finished restaurant ±6,880 SF, second floor ±1,792 SF, basement storage area ±368 SF
  • Class 33 liquor license available with property, but can be purchased without liquor license
  • 2nd floor space provides potential rental income
  • Ample parking ±54 spaces
  • Traffic count ±30,796 VPD
  • Seller financing available
  • Property tax $42,181 (2024)
  • Redevelopment potential is available for other retail including day cares, veterinary hospitals and schools
  • This property is also available for lease

Description

Fully furnished restaurant and liquor license for sale

Ideally located in a Commercial Zone on Route 10 in close proximity to Routes 46, 202 and 80. Morris County is one of the fastest growing counties in New Jersey.


Year Built: 1950
Building Size: 9040sq ft
Lot Size: 2.32 acres


Documents

Randolph 1105 New Jersey 10 Sale Brochure

Map of 1105 New Jersey 10, Randolph, NJ, 07869

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.