About 2 Passaic Avenue
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 of 2 Passaic Avenue
| MLS® # | 25002664 |
|---|---|
| Price | $2,105,000 |
| Bathrooms | 0.00 |
| Type | Commercial Sale/Lease |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 2 Passaic Avenue |
|---|---|
| City | Nutley |
| County | ESSEX |
| State | NJ |
| Zip Code | 07110 |
Amenities
| Utilities | Sep Elec, Sep Gas |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Baseboard, Central, Hot Water, Oil, Radiant Floor, Steam |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | February 4th, 2025 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Frank G. Conturso |
|---|---|
| Office | Keller Williams Suburban Realty |