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About This Home
This 0-bedroom, 0-bathroom commercial at 2 E Passaic Ave in Nutley Twp, NJ is listed for $2,195,000 ($314 per sqft). Built in 1908, the home offers 7,000 sqft of living space on a N/A lot.
Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room.
An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth.
Key Features
- Built in 1908
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$11,739/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2 E Passaic Ave
Nutley Twp, NJ 07110-3049
Property Details
Flooring
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2 E Passaic Ave is listed at $2,195,000 ($314/sqft). The estimated monthly payment is $9,512 based on 20% down at 6.5% interest.
Key features include: Built in 1908, 3 stories.
This property is listed by FRANK CONTURSO and can be reached at 2012130952 or frankconturso@kw.com.