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Commercial Sale For Sale

2 E Passaic Avenue, Nutley, NJ 07110

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Property Description

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 property features a thriving hospitality business on the ground floor and four income-producing residential apartments above, creating multiple revenue streams and long-term investment potential. The residential apartments are well-maintained. Turn-key, profitable operation with strong potential for added growth. Ownership will consider selling the business independently, subject to executing a mutually acceptable long-term lease for the restaurant/bar premises. The real estate will not be sold separately prior to the sale of the business. Buyers interested solely in the real estate will not be considered unless they acquire the restaurant/bar business simultaneously.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
26007010
Price:
$2,195,000
Status:
Active
Office Name:
Keller Williams Suburban Realty
Agent Name:
Frank
Features
Architectural Style:
Retail
Utilities:
Sep Elec, Sep Gas
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Nutley
Zipcode:
07110
Street:
Passaic
Street Number:
2
Street Suffix:
Avenue
Longitude:
W75° 51' 14.9''
Latitude:
N40° 49' 39.6''
Street Dir Prefix:
E
Additional Information
Rent Includes:
Heat
On Market Date:
2026-03-12
Financial
Tax Annual Amount:
31015
Listing Information
List Agent Mls Id:
1007721
List Office Mls Id:
2299
Mls Status:
Active
Modification Timestamp:
2026-06-15T17:40:36Z
Originating System Name:
njmls
Status Change Timestamp:
2026-03-12
Commercial Sale For Sale
Listing ID:
26007010
$2,195,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
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