188-192 Midland Ave
Kearny, NJ 07032
Torremolinos Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Investment Opportunity: Located in the heart of Kearny, NJ, this 5964 sq ft Class 4A property is a rare find, complete with a liquor license.
- State-of-the-Art Restaurant Setup: Fully equipped bar and kitchen, including a 20' hood re-clean system, new bar/kitchen equipment, and a 20' x 20' pr
- Updated Building: Recently renovated just three years ago, the property features modern systems including forced hot air central heat and a tankless w
- Dual Income Streams: The building includes a bar/restaurant on the ground floor and two residential apartments on the second floor, currently rented o
- Turnkey Business: Operating successfully as a bar/grill for over a decade, with proven financials and a long-standing history as a restaurant location
- Highly Visible Storefront: The property boasts 75 feet of prime storefront space in a high-traffic area, strategically located near key amenities and
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Bus Route
- Restaurant
- Signage
ABOUT 188-192 MIDLAND AVE , KEARNY, NJ 07032
A rare opportunity awaits in the heart of Kearny,NJ. Class 4A - 75x63 lot: Boasting a prime location with liquor license. This expansive 5964 sq ft building, updated just 3 years ago, presents a compelling investment opportunity for builders & investors alike. 75 ft of store front currently setup as a restaurant/bar, and 2 residential apartments on 2nd level. Currently operating as a bar/grill w/state-of-the-art equipment including a 20' foot hood re-clean system, new bar and kitchen equipment (1 year+),20' x 20' prep room w/walk-in fridge/freezer. Forced hot air central heat in main, w/tankless water heater system. Above the commercial space, there two residential apartments currently rented on a month-to-month basis. A turnkey operation with financials. Current business has been in operations for over a decade. Prior business at this location hosted a successful restaurant for over 30 years. Proven location! Situated in an Opportunity come see it! strategically located to all. Boiler replaced 2022 - $10k Metal roof trim replaced. 2022 - 15k. Rubber coating tropical seal 15 year warranty 2022 Business owners insurance and liquor liability: $19,000 annually. Property insurance: $5000 annually New Windows 2024 - to be completed.
PROPERTY TAXES
| Parcel Number | 07-00199-0000-00026 | Improvements Assessment | £46,301 |
| Land Assessment | £47,820 | Total Assessment | £94,121 |
