2 E Passaic Ave | Nutley, NJ 07110
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2 E Passaic Ave
Nutley, NJ 07110
Old Canal Inn · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turn-Key Investment: A profitable, turn-key operation with a liquor license included in the sale, offering strong potential for growth and expansion.
- Entertainment & Amenities: Features include a craft beer selection with 30 taps, a patio, live entertainment, catering services, a shuffleboard table,
- Renovated & Modernized: The restaurant and kitchen underwent a complete renovation in 2015, with updated AC systems (2022) and a new boiler (2020), en
- Residential Income: The property includes four well-maintained and fully occupied residential apartments, providing consistent rental income.
- High Patron Capacity: The restaurant has a total capacity of 186 patrons, including 75 in the dining room, making it ideal for events, gatherings, and
- Iconic Restaurant/Bar: Home to The Old Canal Inn, an established restaurant and bar with nearly a century of rich history and a strong customer base.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,800 SF
Building Class
C
Year Built/Renovated
1908/2015
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.38
Lot Size
0.41 AC
Zoning
B2 - Commercial
Parking
20 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Security System
PROPERTY TAXES
| Parcel Number | 16-08604-0000-00001 | Improvements Assessment | $828,900 |
| Land Assessment | $349,500 | Total Assessment | $1,178,400 |
PROPERTY TAXES
Parcel Number
16-08604-0000-00001
Land Assessment
$349,500
Improvements Assessment
$828,900
Total Assessment
$1,178,400
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