Properties

Description

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.

Features

  • Heating System : Baseboard - Hotwater, 1 Unit, Radiators - Steam
  • Cooling System : Central Air, 2 Units
  • Basement : Full, Storage, Bilco-style Door
  • Roof Deck : Flat
  • Furnished : Tile, Wood, Carpeting, Vinyl-linoleum
  • Lot Description: Corner, Level Lot
  • Tax Assessed Valuation: 1178400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: KELLER WILLIAMS SUBURBAN REALTY
  • Office MLS ID: 3719
  • Agent ID: 280453
  • Tax: 31015
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: B2

Commercial For Sale

For Sale
$2,195,000

2 E Passaic Ave, Nutley Twp.

  • SQFT 100 Acre
  • Built Year 1908

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5334417
  • Price: $2,195,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1908
  • Year Built Description: Approximate, Renovated
  • Lot Area: 100 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Nutley Twp.
  • Street: E Passaic Ave
  • Street Number: 2
  • Street Direction: E Passaic Ave at the border of Nutley and Bloomfie
  • Floor Number: 0
  • Longitude: W75° 48' 58.9''
  • Latitude: N40° 48' 44.2''
  • Internet Display Address: Yes
Property