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Thomas Ciccarone

tom.ciccarone@cbrealty.com +1(908) 448-8050

$ 3,400,000

Est. payment -/mo

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Active

881 Route 10 Hanover Twp., NJ 07981

2,200 SqFt

UPDATED:

01/05/2024 04:37 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $1,545

MLS Listing ID 3878053

Year Built 1970

Annual Tax Amount $19,799

Tax Year 2023

Property Description

Welcome to an incredible investment opportunity " Nikko Japanese Restaurant ", a renowned establishment located on a bustling corner along Rt 10 in Whippany. This thriving restaurant, sitting on nearly 2 acres lot, presents an ideal prospect for both seasoned restaurateurs and entrepreneurs looking to make their mark in the culinary scene. Strategically located with easy access from Routes 10, 287, 24 and 80. Nikko Japanese Restaurant recently named "BEST JAPANESE" by New Jersey Monthly Readers Choice Awards. Explore the lucrative market of catering with an established client base.Traditional "Tatami" Room, a unique feature that adds cultural richness and caters to diverse customer preferences. Exquisite Menu: Boasting a diverse menu of Japanese cuisine, sushi, and other delectable offerings. Enhance the dining experience with a bar, complemented by a broad Class C liquor license. Proven Profitability, Nikko Japanese Restaurant has consistently generated lucrative profits for over three decades. Included with the sale is a charming 4 bedroom single-family home on the lot. The extra acreage allows for potential expansion. Alone Rt 10 corridor in Whippany has been designated for commercial redevelopment. Residential development in the area are booming. Hundreds of new luxury rental units will be added to the area in near future. Don't miss the rare opportunity to acquire this successful and well-established restaurant along with valuable real estate in a prime location.

Location

State NJ

County Morris

Zoning B-10

Interior

Heating Gas-Natural

Cooling Multi-Zone Cooling

Flooring Carpeting, Concrete, Tile

Equipment Exhaust System, Fire Alarm, Kitchen Area, Refrigeration Unit, Restrooms - Public, Sign - Freestanding, Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Garage Spaces 50.0

Utilities Available Electric, Gas-Natural

Roof Type Flat, Slate

Parking Type Blacktop, Parking Lot-Exclusive

Building

Lot Description Level Lot

Story 1

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by RE/MAX TOWN & VALLEY II

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Thomas Ciccarone

Sales Associate | License ID: 1867455

+1(908) 448-8050

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Thomas Ciccarone

Thomas Ciccarone

881 Route 10 Hanover Twp., NJ 07981

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

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881 Route 10