$279,000

117 Watchung Ave

Montclair Twp. NJ, 07042

Description

Here is your chance to own a piece of Montclair's historic business district. This favorite neighborhood deli, established in 1926, is a popular place for breakfast, lunch, and dinner. Services include Catering, Trademarked Specialty Sandwiches, Subs, Wraps, Soups, Salads. Great location with strong and loyal following and long standing traditions. Currently no advertising in place. Menu pricing is currently under market leaving significant room for new owners to generate additional revenue. Currently 5 employees who would stay on. Goodwill included. Option to Lease the store for $3000/month, or buy the Real Estate for $550,000 and get additional income from rental unit upstairs.

Details

MLS#3569039
StyleRetail
Sub-TypeResale
StatusActive
Days On Site117

Features

SQ Feet1,000
Story(s)0
ZoningNC

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Area Information

StateNJ
CountyEssex
CityMontclair Twp.
Zip Code07042
AreaEssex
Listing VS Median (in 07042)
Price:
$279,000
low | high
Med:
$3,550
100% of Average
SqFt:
1,000
low | high
Med:
775
72.5% of Average
$ / SqFt:
$279
low | high
Med:
$1
100% of Average
On Site:
117
low | high
Med:
60
100% of Average
Listing Updated: 10/21/2019
MLS Number: 3569039
Listing Provided By:
DEBELLO LESLIE  of  KELLER WILLIAMS - NJ METRO GROUP