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Social Restaurant & Lounge 156 N Gaston Ave 4,239 SF Retail Building Somerville, NJ 08876 $1,300,000 ($306.68/SF)
Executive Summary
3,198 SQ FT FULLY OPERATIONAL RESTAURANT WITH LEASE IN PLACE, LOCATED ON THE FIRST FLOOR. FEATURING A FULL DINING ROOM THAT SEATS 70 PEOPLE, A LOUNGE FOR 30, A PRIVATE ROOM FOR 25, AND MORE. THE SPACE INCLUDES A FULL KITCHEN, A FIREPLACE, AND TWO RESTROOMS. THE BUILDING ALSO COMES WITH A TWO-BEDROOM APARTMENT.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,239 SF
Building Class
C
Year Built
1975
Price
$1,300,000
Price Per SF
$306.68
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.41 AC
Zoning
B-4
Parking
27 Spaces (6.37 Spaces per 1,000 SF Leased)
Frontage
92’ on Gaston Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-00083-0000-00010 | Improvements Assessment | $188,000 |
| Land Assessment | $320,100 | Total Assessment | $508,100 |
Property Taxes
Parcel Number
18-00083-0000-00010
Land Assessment
$320,100
Improvements Assessment
$188,000
Total Assessment
$508,100
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Social Restaurant & Lounge | 156 N Gaston Ave
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