Property
Newark City, NJ 07105 108 Jabez Street
$360,000
12 more
Presented By: KELLER WILLIAMS PARK VIEWS; 908-425-1875
Full/Half Baths • 0 / 2- SQFT • 2,000
- Garage • 4
Full/Half Baths • 0 / 2
SQFT • 2,000
Garage • 4Home Details
Rare opportunity in Newark/Ironbound! Well-established pizzeria with 8 years of proven success and loyal clientele. Fully equipped operation including pizza ovens, refrigerators, freezers, bakery machines, and all furniture. Consistent yearly revenue of approximately $800,000 verified by POS reports. Secure long-term lease through 2036 with an additional 10-year renewal option. Prime corner location with heavy pedestrian traffic and strong local reputation. Perfect turnkey business for investors or experienced operators looking for immediate cash flow.
Presented By: KELLER WILLIAMS PARK VIEWS; 908-425-1875
Interior Features for 108 Jabez Street
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath0
Num Units w/Half Bath
Half Baths2
Other Interior Features
Price Per Sq Ft180.00
Available Sq Ft2000
Num 3 Bdrm Units0
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementFinished-Partially, Full, Storage
FlooringConcrete, Tile
Fuel TypeGas-Natural
Total Stories1
General for 108 Jabez Street
ConstructionBrick/Block
Cooling1 Unit, Central Air
CountyEssex
DirectionsLocated in the Ironbound section of Newark, near Ferry St. Take Wilson Ave to Lafayette St. Pizzeria on the corner with visible signage.
Documents AvailableFinancial Statement, Income & Expenses, Leases, Pro Forma
Drive2 Car Width, Assigned, Hard Surface
EasementUnknown
Equipment AvailableExhaust System, Fire Alarm, Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Public, Smoke Detector, Sprinkler System
Farm AssessmentNo
Garage Spaces4
Gross Income800000
Heating1 Unit, Forced Hot Air, Multi-Zone
Leasable Area
Lease IncludesBuilding Maintenance, Common Area Maint, See Remarks
Lease Information5 Or More Years, CAM Charges
Lease TypeNet
LocationBusiness District, Corner, Residential Area
Net Operating Income550000
Num Apts
Number Of Units Total1
Number of Amps200
Operating Expense250000
OwnerPaysRepair Insurance, Repairs, See Remarks
OwnershipFee Simple
Permitted UseRestaurant / Food Service
PossessionImmediately
Prior UsePizzeria / Restaurant
Property TypeRestaurant
Property TypeRestarnt
RoofComposition Shingle, Flat
ServicesGarbage Extra Charge, Internet Available, Prewired for Phone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount12500
Tax Assessed Value300000
Tax Lot12
Tax Year2024
Tenant PaysElectric, Gas, Heat, Maintenance-Common Area, Sewer, Trash Removal, Water
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1950
ZoningCommercial
Exterior for 108 Jabez Street
Building Area Total2000
Exterior DescriptionBrick/Block, Glass
Lot Dimensions2, 000 sq ft
Lot FeaturesLevel Lot
Lot Size Acres0.05
Max Ceiling Height10
Max Door Height7
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking4
Water SourcePublic Water
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate