324 3RD ST Active

Jc Downtown,NJ 07302

$ 2999999

- Bed

5 Baths

- SqFt


Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 230020915

Full Baths 4

Half Baths 2

Annual Tax Amount $17,396

Lot Dimensions 22X95

Property Description

Distinguished Opportunity: The Barge Inn - Restaurant, Bar, and Four Apartment Units Presenting an iconic opportunity to acquire not just one, but two well-established and highly successful businesses – The Barge Inn, a renowned restaurant and bar, along with four accompanying apartment units. This corner property, strategically positioned just off Newark Avenue, has proudly served as a neighborhood cornerstone for over five decades. Encompassing the full footprint of the lot, this property offers a myriad of possibilities for investors and entrepreneurs alike. Ideally located in proximity to Newark Avenue's pedestrian plaza and restaurant row, this establishment has been a consistent presence in the community. The Grove Street PATH features four apartments, each thoughtfully designed for modern living. Unit 1 comprises a one-bedroom with a bonus room and one bath, while Units 2 and 3 offer two bedrooms and one bath each. Unit 4 is a well-appointed one-bedroom with one bath. Alongside the residential units, the property includes a thriving restaurant and bar, both contributing to the allure of this investment. Currently, the owner is in the process of developing plans for a strategic redevelopment, presenting a substantial opportunity for new development in this prime location. The entire building, including the restaurant, bar, and apartments, can be delivered vacant, offering a clean slate for visionary projects. Explore the immense potential of this distinguished property – an iconic establishment poised for a new chapter of success. For further details or to discuss this unparalleled opportunity, kindly contact us at your earliest convenience.

Location

State NJ

County Hudson

Area Jc Downtown

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