Remarks

BACK ON MARKET, LOCATED IN UPCOMING DOWNTOWN RAHWAY ARTS DISTRICT, BEHIND THE UNION COUNTY PERFORMING ARTS CENTER, BLOCKS FROM THE HAMILTON STAGE ARTS CENTER AND JUST BLOCKS AWAY FROM NJ TRANSIT TRAIN STATION AND NUMEROUS OTHER RESTAURANTS AND BARS, THE COMPLEX CONTAINS A MULTI LEVEL CITY APPROVED 380 CAPACITY RESTAURANT AND BAR, 2 LARGE DUPLEX APARTMENTS ABOVE. lIQUOR LICENSE. LARGE PARKING LOT WITH 30 PLUS PARKING,SPACES, A RIVER VIEW. THERE IS TREMENDOUS REDEVELOPMENT IN DOWNTOWN, NUMEROUS EATERIES, BARS HAVE RECENTLY OPENED AND THOUSANDS OF NEW APTS BUILT OR ABOUT TO BE BUILT. THERE IS A STRONG MARKET FOR APT RENTALS. THIS PROPERTY IS JUST MINUTES FROM RTES 1&9 AND QUICK RIDE TO GSP..REAR PART OF BUILDING DAMAGED BY KITCHEN FIRE, BUT MAIN BUILDING AND BASEMENT ARE FULLY IN TACT, PLUS SALE INCLUDES 171 MAIN WHICH IS CONNECTED NEXT DOOR AND CONTAINS COMBINED 2 OTHER 2 & 3 BEDROOM UNITS AND HUGE REAR YARD WITH POTENTIAL FOR POSSIBLE BEER GARDEN OR OTHER USE. THESE 2 APT UNITS ARE FULLY OCCUPIED..

Details

MLS#: 3837505
Price: $2,200,000

Year Built: 1890

County: Union
Subdivision: Union County Performing Art
Lot Size: 69X213
Tax Fee: 21453