172 Thomas St, Newark, NJ 07114 - Photo 1

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$175,000

For Sale
Active
Business

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Property Description

Perfect for Investors or Entrepreneurs! This business includes a C-33 Private Club Liquor License, allowing the sale of alcoholic beverages to members and guests in a private club setting. Established Social Club with valuableC-33 Private Club Liquor License for sale! Ideal for Private Events & Social Gatherings. Bar & Lounge Area. Established Membership Base! Strong Growth Potential! ?Sale subject to approval and transfer requirements of the New Jersey Division of Alcoholic Beverage Control and local municipality.?

Full Property Details

Full Property Details for 172 Thomas St

General

Price: $175,000
Status: Active
Type: Business
Source: Garden_State
MLS ID: 4010599
Updated: 4/9/2026
Added to Site: 67 day(s) ago

Business

Name: Mi Ranchito
Business Type: See Remarks
Business Sub-Type: See Remarks

Rental Information

Lease Info: See Remarks

Rooms

Bathrooms

Restrooms: 1

Parking

Garage Description: None

Location

County: Essex
Driving Directions: South St to Mulberry to Thomas St #172

Heating & Cooling

Cooling Type: 1 Unit, Central Air Conditioning
Heating Type: 1 Unit
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas

Structural Information

Square Feet: 1,500
Aprox. Leasable: 1,500 Sq. Ft.

Lot Features

Frontage: City/Town Street
Driveway/Sidewalk: See Remarks

Financial Considerations

Lease Price Per Mth: $2,300
Operating Expenses: $35,000

Disclosures and Reports

Ownership: Sole Proprietorship
Documents Avail.: See Remarks
APN: 1614-01185-0001-00030-0000-

Listed by Weichert Realtors

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Schools

Schools serving 172 Thomas St

School District:Newark City School District

Name	Grades	Distance
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105	K-8	0.2 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	0.4 mi
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	0.8 mi
East Side High School 238 Van Buren Street, Newark, NJ 07105	9-12	0.8 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1.2 mi
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	1.1 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1.3 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 172 Thomas St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/18/2026

Listed

$175,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 172 Thomas St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$4,427

$116,400

—

2023

$4,339

—

$116,400

—

2022

$4,349

—

$116,400

—

2021

$4,346

33%

$116,400

—

2021

$3,277

-24%

$116,400

—

2018

$4,299

$116,400

—

2017

$4,144

$116,400

—

2016

$4,004

$116,400

—

2015

$3,852

-12%

$116,400

—

2019

$4,378

27%

$116,400

—

2013

$3,437

—

$116,400

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 172 Thomas St

172 Thomas St, Newark, NJ 07114 (MLS# 4010599) is a Business property. 172 Thomas St is currently listed for $175,000 and was received on February 18, 2026. Want to learn more about 172 Thomas St? Do you have questions about finding other Business real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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172 Thomas St Newark, NJ 07114