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126 Ray St
Garfield, NJ 07026
Retail Property For Sale

Investment Highlights

  • This is a great location with endless possibilities.
  • Package sale includes liquor license
  • The #126 Building and #124 vacant lot 50x100 is used as parking lot.

Property Facts

Property Type
Retail
Property Subtype
Bar
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1900/2016
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.68
Lot Size
0.22 AC
Zoning
R2 - mixed use, multi family
Parking
20 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
50’ on 124 Ray

Amenities

  • Corner Lot
  • Storage Space
  • Air Conditioning

About 126 RAY ST , GARFIELD, NJ 07026

Amazing mixed used property with endless potentials for developer/investor or new owner to run a profitable business. Package includes brick building with (2)- 2 bedrooms rental apartments. Building is in excellent condition offering lots of improvements made since 2016.Commercial property includes profitable bar/liquor license with 38 occupancy. Restaurant with professional stainless steel kitchen,banquet catering hall with 160+capacity and separate entrance and bar. Over sized basement with laundry area, additional baths, storage area and amazing expansion potential. In addition,property #124 lot 50x100 (zoned for multi family)used as parking lot 20 cars part of rental income.Owner is willing to train the next manager or business owners. Plenty of on street parking.

Property Taxes

Property Taxes

Parcel Number
21-00161-0000-00028
Land Assessment
$125,000
Improvements Assessment
$726,200
Total Assessment
$851,200
  • Listing ID: 17212176

  • Date on Market: 9/16/2019

  • Last Updated:

  • Address: 126 Ray St, Garfield, NJ 07026

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