This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1/15
$2,195,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1/15
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 residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth.
Full Property Details
Full Property Details for 2 E Passaic Ave
General
- Price: $2,195,000
- Taxes: $31,015 (2024)
- Status: Active
- Type: Business
- Source: Garden_State
- MLS ID: 3942887
- Updated: 1/24/2025
- Added to Site: 15 day(s) ago
Business
- Includes: Building & Business, Building & Land, Equipment, See Remarks
Interior
- Flooring: Carpeting, Tile, Vinyl-Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 7
Additional Information
- Equipment: Appliances, Burglar Alarm, Exhaust System, Fire Alarm, Fixtures, Kitchen Area, Security System, Sign - Building
Parking
- Parking: Blacktop, Lighting, Parking Lot-Exclusive
Location
- County: Essex
- Driving Directions: E Passaic Ave at the border of Nutley and Bloomfield. Hoover to E. Passaic or Centre to E. Passaic.
- Location Details: Residential Area, See Remarks
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning
- Heating Type: 1 Unit, Baseboard - Hotwater, Radiators - Steam
- Heating Fuel: Natural Gas, OilAbIn
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Aluminum Siding, Concrete, Vinyl Siding
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Full, Storage
- Roof: Flat
- Ceiling Height: 12
- Stories in Building: 3
- Square Feet: 7,000
- Aprox. Leasable: 7,000 Sq. Ft.
- Year Built: 1908
- Remodeled/Updated: 2015
Unit Information
- 1 Bedroom Units: 4
- Units w/Full Bath: 4
Lot Features
- Lot Size: 100X177 IRR
- Zoning: B2
- Lot Description: Corner, Level Lot
Financial Considerations
- Expenses: Accounting/Legal, Advertising, Electricity, Gas/Oil, Insurance, Water/Sewer
- Assessment Amount: $1,178,400
- Land Assmt: $349,500
- Tax Amount: $31,015
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Survey Available
- APN: 1616-08604-0000-00001-0000-
- Block: 8604
- Lot Number: 1
Listed by Keller Williams Suburban Realty
Get Pre-Approved Today
Schools
Schools serving 2 E Passaic Ave
School District:Nutley Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
300 Franklin Ave, Nutley, NJ 07110 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2 E Passaic Ave
Date
Details
Price
Change
Source
1/24/2025
Listed
$2,195,000
251.2%
MLS
3/22/2011
Sold
$625,000
—
Public Record
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 2 E Passaic Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$24,614
1%
$1,178,400
85%
2021
$24,486
4%
$637,000
—
2020
$23,454
5%
$637,000
—
2018
$22,365
1%
$637,000
—
2017
$22,123
3%
$637,000
—
2016
$21,467
2%
$637,000
—
2015
$21,123
-8%
$637,000
—
2019
$22,983
-3%
$637,000
-14%
2013
$23,606
—
$737,000
—
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 2 E Passaic Ave
2 E Passaic Ave, Nutley, NJ 07110 (MLS# 3942887) is a Business property. 2 E Passaic Ave is currently listed for $2,195,000 and was received on January 24, 2025. Want to learn more about 2 E Passaic Ave? Do you have questions about finding other Business real estate for sale in Nutley? You can browse all Nutley real estate or contact a Coldwell Banker agent to request more information.