292 Passaic Ave, Fairfield Twp., NJ 07004
Essex County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1997
Stories
2
Living Area
3,722 sq ft
Lot Size
1.40 acres
Parking Spaces
68
Ownership
Fee Simple
MLS® Listing#
4009231
Property Features
Cooling
Heating
Flooring
Basement
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$26,539
Tax year 2023
Assessed Value
$1,292,700
Parcel Number
1607-02801-0000-00002-0001-
Directions
Passaic Ave
Affordability Calculator
$500,000
Estimated monthly payment
$13,306/mo
Principal $2,000,000 · Est. interest $2,790,178 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fairfield Twp., NJ
- $662,197
- Median Listing Price
- 40
- Median Days on Market
- 2,273
- Median Sq Ft
- $324
- Median Price / Sq Ft
- 3,780
- Active Listings
- This home’s price is 278% above the area median.
- Its price per sq ft is 107% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fairfield Twp., NJ.
Location
Points of Interest in Fairfield Twp., NJ
Showing the Fairfield Twp. area map.
Nearby Schools
The Goddard School
School · 0.5 mi away
West Essex Senior High School
Secondary · 0.6 mi away
Gramon School
School · 1.0 mi away
Grandview Elementary School
Elementary · 1.1 mi away
Winston S. Churchill School
Elementary · 1.1 mi away
Gramon School
Secondary · 1.2 mi away
Glenview Academy
School · 1.2 mi away
New Beginnings
School · 1.2 mi away
Little Falls School District
Elementary · 1.2 mi away
Monarch Montessori School
Elementary · 1.4 mi away
Banyan High School
Secondary · 1.4 mi away
Gould School
Secondary · 1.7 mi away
North End School Fsa
School · 2.0 mi away
North End Elementary School
Elementary · 2.0 mi away
Champions at Washington Elementary School
Elementary · 2.1 mi away
Washington Elementary School
Elementary · 2.1 mi away
Lincoln Park Elementary School
Elementary · 2.1 mi away
Little Falls Township Public School # 1
Secondary · 2.2 mi away
Banyan School
School · 2.3 mi away
The Robin's Nest School
Elementary · 2.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 94 E Cedar St, Livingston Twp., NJ | $1,750,000 | 6 | 5 | — |
| 1121 Route 22 East, Clinton Twp., NJ | $1,750,000 | — | — | — |
| 5 Guerin Dr, Randolph Twp., NJ | $1,750,000 | 6 | 6 | — |
| 5 Briar Cliff Rd, Livingston Twp., NJ | $1,750,000 | 5 | 6 | 2,910 |
| 4 Marquette Rd, Montclair Twp., NJ | $1,750,000 | 5 | 4 | — |
| 298 Main St D, Millburn Twp., NJ | $1,750,000 | 5 | 5 | — |
Moving Cost Estimate
EXIT Agents in Fairfield Twp.
Listing Courtesy: BHHS FOX & ROACH - 9739926363