This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Japanese Restaurant 881 State Route 10

3,158 SF Retail Building Whippany, NJ 07981 £2,678,180 (£848/SF)

Investment Highlights

  • High Traffic/High Visibility Restaurant
  • In business over 30 years

Executive Summary

Welcome to an incredible investment opportunity – Nikko Japanese Restaurant, a renowned establishment located on a bustling corner along Route 10 in Whippany. This thriving restaurant, sitting on nearly 2 acres, presents an ideal prospect for both seasoned restaurateurs and entrepreneurs looking to make their mark in the culinary scene.
Property Highlights:
Prime Location: Situated on 200 feet of frontage along Route 10, ensuring maximum visibility and foot traffic.
Ample Parking: Enjoy the convenience of abundant parking space for both patrons and staff.
Great Signage: Benefit from prominent signage that enhances the restaurant's visibility to passersby.
Business and Additional Acreage:
Included with the sale is an additional lot featuring a charming single-family home.
Future Expansion: The extra acreage allows for potential expansion or redevelopment, making it suitable for various commercial uses with the possibility of a larger structure and parking. Also, two large scale construction projects are upcoming within walking distance that will add hundreds of new residents to the area.
Nikko Japanese Restaurant:
Award-Winning: Recently named "BEST JAPANESE" by New Jersey Monthly Readers Choice Awards.
Explore the lucrative market of catering with an established client base.
Traditional "Tatami" Room: A unique feature that adds cultural richness and caters to diverse customer preferences.
Exquisite Menu: Boasting a diverse menu of Japanese cuisine, sushi, and other delectable offerings.
Large Bar: Enhance the dining experience with a spacious bar, complemented by a broad Class C liquor license.
Proven Profitability: Nikko Japanese Restaurant has consistently generated profits for over three decades.
Strategically located with easy access from Routes 10, 287, 24, and 80.
Don't miss this extraordinary opportunity to acquire a successful and well-established restaurant along with valuable real estate in a prime location. Whether you're looking to continue the restaurant's legacy or explore new commercial ventures, this offering provides the perfect foundation for your entrepreneurial ambitions.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Portfolio Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,158 SF
Year Built
1970
Price
£2,678,180
Price Per SF
£848
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
0.52 AC
Zoning
B-10
Parking
30 Spaces (9.5 Spaces per 1,000 SF Leased)
Frontage
80 ft on New Jersey 10

Nearby Major Retailers

The Original Pancake House
La Fitness
PNC Bank
Wegmans
Valley National Bank
Barclays
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-04001-0000-00006
Land Assessment
£265,849
Improvements Assessment
£477,189
Total Assessment
£743,037
  • Listing ID: 30338000

  • Date on Market: 11/12/2023

  • Last Updated:

  • Address: 881 State Route 10, Whippany, NJ 07981

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}