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MixedUse For Sale

2 E Passaic Ave, Nutley Twp., Essex 07110-3049

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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:
MixedUse
Listing Type:
For Sale
Listing ID:
4012963
Price:
$2,195,000
Year Built:
1908
Status:
Active
Office Name:
KELLER WILLIAMS SUBURBAN REALTY
Agent Name:
FRANK CONTURSO
Roof:
Flat
Features
Heating System:
Baseboard - Hotwater, Radiators - Steam, 2 Units
Cooling System:
Central Air, 2 Units
Basement:
Full, Storage, Bilco-Style Door
Flooring:
Wood, Tile, Vinyl-Linoleum, Carpeting
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Nutley Twp.
Zipcode:
07110-3049
Street:
E Passaic Ave
Street Number:
2
Longitude:
W75° 48' 58.9''
Latitude:
N40° 48' 44.2''
Directions:
E Passaic Ave at the border of Nutley and Bloomfield. Hoover to E. Passaic or Centre to E. Passaic.
Zoning:
B2
Additional Information
Lot Size Dimensions:
100X177 IRR
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
150
Lot Features:
Level Lot, Corner
Garage:
20
Building Size:
7000
Financial
Tax Annual Amount:
31805
Listing Information
List Agent Mls Id:
280453
List Office Mls Id:
3719
Mls Status:
Active
Modification Timestamp:
2026-07-10T16:07:31Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4012963
$2,195,000
Agent info
Contact Agent

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