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32794888
32794894

946 Broad Street, Newark, NJ 07102 For Sale

Keller Williams Town Life
Listed by Keller Williams Town Life
$400,000
59 days on market
Updated 0 days ago
Opportunity zone

946 Broad Street

Details
Property Type Retail, Business for Sale
Sub Type Restaurant, Deli (+1)
Square Footage 2,447
NOI $600,000
Lease Type Gross
Lease Expiration 06/30/2040
Remaining Term 14
Year Renovated 2020
Parking Spaces 3 spaces
Parking per 1,000 SqFt 1.23
Investment Type Sale/Leaseback
Tenant Credit No Credit Rating
Lease Commencement 05/01/2026
Occupancy Date 05/20/2026
Ground Lease No

Turnkey Downtown Newark Restaurant | $600K Gross Revenue + 14-Year Lease

Marketing description

946 Broad Street | Newark, NJ 07102

Brick City Market – Turnkey Fast-Casual Restaurant Opportunity

Located in the heart of downtown Newark, Brick City Market presents a rare opportunity to acquire a fully operational and established fast-casual restaurant in one of New Jersey’s fastest-growing urban markets. Positioned directly on bustling Broad Street, this highly visible location benefits from constant foot traffic from commuters, professionals, students, and government employees.

This turnkey business is being offered fully equipped with all furniture, fixtures, equipment, POS systems, signage, branding, and kitchen infrastructure included in the sale. The restaurant currently operates as a successful breakfast and lunch concept with reported annual gross sales of approximately $600,000.

The space offers approximately 2,447 square feet including a spacious basement for prep and storage, indoor seating for approximately 30 guests, and a private outdoor courtyard featuring signature mural branding. The commercial kitchen is fully built out with high-quality equipment including multiple fryers, commercial grills, convection ovens, walk-in refrigeration, espresso and coffee systems, prep stations, and exhaust hood systems.

With approximately 14 years remaining on the lease at a below-market rent of $5,700 per month including water, this opportunity provides long-term stability and immediate cash flow potential. The current operation only runs Monday through Friday from 7 AM to 4 PM, leaving significant upside through expanded evening hours, weekend service, delivery platforms, and corporate catering.

Surrounded by major transportation hubs, universities, government buildings, luxury residential developments, and ongoing downtown redevelopment projects, Brick City Market is ideally positioned for continued growth.

Whether you are an owner-operator, restaurant group, or investor seeking a proven hospitality concept with expansion potential, this is a standout opportunity in the Newark market.

Property Highlights

  • Prime downtown Newark Broad Street location
  • Fully turnkey operation
  • Approximately $600,000 annual gross revenue
  • Approximately 14 years remaining on lease
  • Seating for approximately 30 guests
  • Private outdoor courtyard
  • Fully equipped commercial kitchen included
  • Clover POS systems included
  • Significant growth potential through evenings, weekends, catering, and delivery

For additional information or to schedule a confidential tour, contact:

Domingo “Ming” Severino

Broker Associate | Severino Carmona Real Estate Group

Keller Williams Town Life

201.232.0683

[email protected]

Investment highlights

946 Broad Street | Newark, NJ 07102

Brick City Market – Turnkey Fast-Casual Restaurant Opportunity

Located in the heart of downtown Newark, Brick City Market presents a rare opportunity to acquire a fully operational and established fast-casual restaurant in one of New Jersey’s fastest-growing urban markets. Positioned directly on bustling Broad Street, this highly visible location benefits from constant foot traffic from commuters, professionals, students, and government employees.

This turnkey business is being offered fully equipped with all furniture, fixtures, equipment, POS systems, signage, branding, and kitchen infrastructure included in the sale. The restaurant currently operates as a successful breakfast and lunch concept with reported annual gross sales of approximately $600,000.

The space offers approximately 2,447 square feet including a spacious basement for prep and storage, indoor seating for approximately 30 guests, and a private outdoor courtyard featuring signature mural branding. The commercial kitchen is fully built out with high-quality equipment including multiple fryers, commercial grills, convection ovens, walk-in refrigeration, espresso and coffee systems, prep stations, and exhaust hood systems.

With approximately 14 years remaining on the lease at a below-market rent of $5,700 per month including water, this opportunity provides long-term stability and immediate cash flow potential. The current operation only runs Monday through Friday from 7 AM to 4 PM, leaving significant upside through expanded evening hours, weekend service, delivery platforms, and corporate catering.

Surrounded by major transportation hubs, universities, government buildings, luxury residential developments, and ongoing downtown redevelopment projects, Brick City Market is ideally positioned for continued growth.

Whether you are an owner-operator, restaurant group, or investor seeking a proven hospitality concept with expansion potential, this is a standout opportunity in the Newark market.

Property Highlights

  • Prime downtown Newark Broad Street location
  • Fully turnkey operation
  • Approximately $600,000 annual gross revenue
  • Approximately 14 years remaining on lease
  • Seating for approximately 30 guests
  • Private outdoor courtyard
  • Fully equipped commercial kitchen included
  • Clover POS systems included
  • Significant growth potential through evenings, weekends, catering, and delivery

For additional information or to schedule a confidential tour, contact:

Domingo “Ming” Severino

Broker Associate | Severino Carmona Real Estate Group

Keller Williams Town Life

201.232.0683

[email protected]

Listing Contacts

Keller Williams Town Life
Listed by Keller Williams Town Life

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$600,000.00
$50,000.00/mo

Valuation Metrics

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DSCR
150%
Cap Rate
150%
ROI

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Additional Information

Name
Domingo Severino
License
1859221
Brokerage
Keller Williams Town Life
Brokerage Phone
2018948004
Title
Broker of Record
Brokerage Address
82 n summit ave, tenafly, nj, 07670
Name
Domingo Ming Severino
License
1859221
Brokerage Phone
2018948004
Brokerage Address
82 North Summit Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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