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- LoopNet Team
527 Morris Ave
Summit, NJ 07901
Land For Sale
·
1.80 AC
INVESTMENT HIGHLIGHTS
- 1.8± Acres with 9,225± SF Restaurant
- Furniture, Fixtures and Equipment
- Liquor License
PROPERTY FACTS
DESCRIPTION
Bankruptcy Auction. Qualifying Bids due March 1st. Auction March 3rd @ 10AM. In Re:FESTIVE WORKS, LLC, et al. United States Bankruptcy Court, District of New Jersey Chapter 11, Case No.: 21-10445 (JKS). Real Estate: There are a total of 9 lots in the offering totalling 1.8± Acres of land. Currently, there is a 2-story, 9,225± SF operating restaurant on a small portion of the site. Liquor License: Plenary Retail Consumption License # 2018-33-011-006. There are only 9 active consumption licenses in the town of Summit. Perfect for a restaurant, franchise or new concept looking to open in this high-end area. FF&E: Furniture, Fixtures and Equipment located at the subject premises. Phase I, Phase II, Appraisal, Bidding Procedures as well as other Property and Auction Information available in the Data Room.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $789,700 | |
| Land Assessment | $1,020,200 | Total Assessment | $1,809,900 |
PROPERTY TAXES
