Active

63 Ferry St

Newark City NJ, 07105

$6,500,000


$1,865.14 per sqft

Active

3,485 sqft

Commercial

Built in 1900

**PRICED TO SELL**Exceptional Opportunity - Prime Location, Just a Block from Penn Station! Discover this remarkable Ironbound landmark Restaurant/Sports bar, ideally situated for success. An ideal prospect for an ambitious visionary, this establishment comes fully equipped, offering a unique opportunity for development. The property is zoned for development, providing an all-inclusive package for the discerning buyer. Impressive in size and capacity, the bar can comfortably accommodate over 150 people, while the spacious Dining room can seat 100 guests. Additionally, there's a Private party room on the lower level, capable of hosting up to 150 people, and another on the second level accommodating around 70 people, making it an excellent choice for events of all kinds. Beyond the main business areas, the property boasts an Office space and 7 private rooms for monthly rentals, providing an additional revenue stream. The entire establishment is meticulously maintained, presenting itself in spotless condition, ready for you to begin your business venture or explore exciting development possibilities immediately. To sweeten the deal, a corner parking lot conveniently located across the street is also included, ensuring ample parking for patrons.

3827240

MLS ID

February 15, 2024

Updated

Map

63 Ferry St
Newark City NJ, 07105

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

Corner Lot


Sewer

Public Sewer

Other Property Details

Taxes

$16,461


Tax Frequency

Annually


Days on Market

350


Garage

No


Parking

Off Street


View

No


County

Essex


Water Source

Public


Pool

No


Zoning

C-2

Listing History

Date

Event

Price

1/19/2024

Price Change

$6,500,000

-19%

12/10/2023

Price Change

$8,000,000

23%

12/2/2023

Price Change

$6,500,000

-28%

10/9/2023

Price Change

$8,999,999

-11%

Courtesy of EXP REALTY, LLC with HECTOR R. ROJAS,
Listing Contact: 9175339263 

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