Your email has been sent.
Jersey Tavern 370 E 18th St 1,500 SF of Retail Space Available in Paterson, NJ 07524
HIGHLIGHTS
- Triple Net Lease (NNN): Tenants cover property taxes and utilities, providing transparency and financial control over operating expenses.
- Versatile Layout: Formerly a liquor store, the property is a blank canvas for various business types – think boutique, café, or a modern neighborhood
- https://chatgpt.com/c/6723e04a-5034-800f-9fb9-ad49d7568589#:~:text=Flexible%20Financing%20Options%3A%20Seller%20financing%20available%20for%20the%20li
- Prime Location: Situated in the heart of Paterson, New York, at 370 E 18th Street, this 1,500 sq. ft. space offers high visibility and continuous foot
- Type 33 Liquor License Available: Opportunity to purchase a Type 33 liquor license, allowing on-site and takeout alcohol sales – a standout feature fo
- Quick Setup for Fast Launch: With legal guidance, the liquor license can be expedited, paving the way for a memorable grand opening in downtown Paters
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500 SF | 5-15 Years | $20.00 /SF/YR $1.67 /SF/MO $30,000 /YR $2,500 /MO | Triple Net (NNN) |
1st Floor
Furniture, fixtures, and equipment is included.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Prime location
- Versatile layout
- Triple Net lease
- Type 33 liquor license available
- Flexible financing options
- Quick setup for fast launch
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,500 SF | Gross Leasable Area | 4,922 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 4,922 SF |
| Year Built | 1988 |
ABOUT THE PROPERTY
Seize the chance to launch your business at the heart of Paterson, New York! 370 E 18th Street presents an exceptional 1,500 sq. ft. commercial property ready to be tailored to your entrepreneurial vision. This versatile space, previously a thriving liquor store, is perfect for ambitious business owners seeking a prominent location with a rich legacy. Imagine the possibilities: A chic boutique, a bustling cafe, or the reinvention of the classic neighborhood watering hole – your business could flourish amid the constant foot traffic and high visibility of downtown Paterson. The property offers a triple net lease, with tenants contributing to property taxes and utilities, ensuring transparency and control over your operating expenses. Enhance your business potential with the available Type 33 liquor license for sale, a golden ticket to offer on-site and takeout alcohol services. With a reasonable asking price and seller financing options, this license could be the key to distinguishing your establishment. Act quickly to transform 370 E 18th Street into your next commercial success story. With legal guidance, the liquor license can be yours swiftly, setting the stage for a grand opening that Paterson will remember. Contact us today to start your journey!
NEARBY MAJOR RETAILERS
Presented by
Jersey Tavern | 370 E 18th St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.