Welcome to this great opportunity to own this Restaurant/bar along with 6 residential apartments. Well equipped and updated in 2020. First floor is the restaurant/bar with public assembly certificate of occupancy designation substantially 50 feet by 50 feet, capacity 250 seated, with fully equipped kitchen. The first floor is Vacant at Present. Rent offers can be at $15,000 to $16,000. Cap rate minimum of 6 to 6.5. Can be used as a restaurant, bar, or club. Restaurant has it's own boiler and water heater. 6 Apartment unit fully rented annual income of $160,200.
6 separate boiler and water heater for residential units, Tenants pay their own electric, heat and cooking gas. Situated in a great location. Close to all major highways, achieving schools , transportation, buses and trains.
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Listing Snapshot
Price
$4,875,000
Days On Site
22 Days
Bedrooms
N/A
Inside Area (SqFt)
13,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
4,600 Acres
Year Built
1931
MLS® Number
978734
Status
Active
Property Tax
$15,312
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 weeks ago
Listing first seen on site
3 weeks ago
Listing updated with changes from the MLS®
General Features
Cross Street
Myrtle Avenue
Number Of Stories
3
Parking
Off Street
Property Condition
Updated/Remodeled
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
13000
Utilities
Natural Gas AvailableElectricity AvailableElectricity ConnectedNatural Gas ConnectedSewer AvailableWater Available
Listing courtesy of Nirvana Realty Inc vsuresh47@hotmail.com
Based on information submitted to the MLS GRID as of 2026-04-29 10:19 PM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Neighborhood & Commute
Source: Walkscore
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