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Dillons Tavern 45 Freeman St 1,579 SF 100% Leased Retail Building West Orange, NJ 07052 $1,100,000 ($696.64/SF)



Executive Summary
Dillons Tavern New to the market. Well established Tavern with package good liquor license, kitchen, real estate with large residential apartment included. Don't miss your chance to own a beloved neighborhood destination with authentic charm and growth potential. Dillons Tavern has proudly served the West Orange Valley community for more than four decades. Known for its welcoming atmosphere and loyal following, it's become a go-to gathering spot for locals and sports enthusiasts. Everyone is welcome at Dillons. Operating continuously with a proven track record, this turnkey operation offers both immediate cash flow and long-term asset appreciation. It is situated in the Valley Arts District, a 15-block area straddling Orange and West Orange, a vibrant area
area straddling Orange and West Orange, a vibrant area known for its walk ability and proximity to local amenities, and just two short blocks from the New York Mid-town Direct Train. This Tavern has over 250 new apartments as its neighbor and additional new residential units planned. This area is booming and a perfect opportunity for experienced hands-on operator to dramatically increase business. The current owners are seeking retirement, creating a rare opportunity for the next operator to step into a turnkey business with deep local roots and a growing commercial and residential area ripe for new growth.
Key Assets Included: " Prime real estate ownership - valuable property asset included in sale " Active NJ liquor license Bar and package goods - a significant barrier to entry worth substantial value " Fully equipped kitchen - ready for immediate operation " Complete bar setup - no additional equipment investment required
" Furniture, Fixture & Equipment (FF&E) Included in sale
DETAILED INFORMATION
Location - West Orange, New Jersey
Inventory - Not Included in asking price
Real Estate - Owned
Facilities - Bar, backyard and residential apartment
area straddling Orange and West Orange, a vibrant area known for its walk ability and proximity to local amenities, and just two short blocks from the New York Mid-town Direct Train. This Tavern has over 250 new apartments as its neighbor and additional new residential units planned. This area is booming and a perfect opportunity for experienced hands-on operator to dramatically increase business. The current owners are seeking retirement, creating a rare opportunity for the next operator to step into a turnkey business with deep local roots and a growing commercial and residential area ripe for new growth.
Key Assets Included: " Prime real estate ownership - valuable property asset included in sale " Active NJ liquor license Bar and package goods - a significant barrier to entry worth substantial value " Fully equipped kitchen - ready for immediate operation " Complete bar setup - no additional equipment investment required
" Furniture, Fixture & Equipment (FF&E) Included in sale
DETAILED INFORMATION
Location - West Orange, New Jersey
Inventory - Not Included in asking price
Real Estate - Owned
Facilities - Bar, backyard and residential apartment
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
1,579 SF
Building Class
C
Year Built
1921
Price
$1,100,000
Price Per SF
$696.64
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.06 AC
Zoning
B-1 - Commercial
Parking
8 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
25’ on Freeman Street
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00028-0000-00005 | Improvements Assessment | $242,000 |
| Land Assessment | $108,000 | Total Assessment | $350,000 |
Property Taxes
Parcel Number
22-00028-0000-00005
Land Assessment
$108,000
Improvements Assessment
$242,000
Total Assessment
$350,000
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Presented by
Arthur Rue Agency
Dillons Tavern | 45 Freeman St
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