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Tavern 292 292 Passaic Ave 3,722 SF Retail Building Fairfield, NJ 07004 $2,650,000 ($711.98/SF)
EXECUTIVE SUMMARY
Rare opportunity to purchase a successful turnkey, 130-seat restaurant, property and liquor license with a full sports bar. The property sits on 1.4 acres of land and has 68 parking spots. There is an opportunity to purchase the two (2x) single-family homes located next door as seen in the survey through a separate transaction to assemble (block 2801, Lot 3) which is .34 acres and (block 2801, lot 4) which is .48 acres adding an additional 0.91 acre site zoned C-1 Commercial.
The property is surrounded by countless professional buildings, residential residences and is located down the street from Essex County Airport and Rt 46.
Do NOT go direct and do NOT talk to any employees!
The property is surrounded by countless professional buildings, residential residences and is located down the street from Essex County Airport and Rt 46.
Do NOT go direct and do NOT talk to any employees!
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$26,539
|
$7.13
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,539
|
$7.13
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $26,539 |
| Annual Per SF | $7.13 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $26,539 |
| Annual Per SF | $7.13 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,722 SF
Building Class
B
Year Built/Renovated
1997/2021
Price
$2,650,000
Price Per SF
$711.98
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.06
Lot Size
1.42 AC
Zoning
C-1 - Neighborhood Commercial
Parking
68 Spaces (18.27 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-02801-0000-00002 | Total Assessment | $1,292,700 (2025) |
| Land Assessment | $825,000 (2025) | Annual Taxes | $26,539 ($7.13/SF) |
| Improvements Assessment | $467,700 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
07-02801-0000-00002
Land Assessment
$825,000 (2025)
Improvements Assessment
$467,700 (2025)
Total Assessment
$1,292,700 (2025)
Annual Taxes
$26,539 ($7.13/SF)
Tax Year
2023
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Tavern 292 | 292 Passaic Ave
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