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$130,000 Just Listed
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Property Description
Turnkey restaurant opportunity in a highly visible corner location with excellent exposure and strong existing cash flow. This established restaurant offers a welcoming dining area with seating for approximately 7 tables, plus additional outdoor seating for 2 tables during the warmer months. The business also benefits from a strong takeout component, providing multiple revenue streams for the next operator. The restaurant is well equipped and features a functional commercial kitchen, service/counter area, customer restroom, and ample storage throughout. The lower level provides additional flexibility with substantial storage space, a full bathroom, an additional room/living area, and a separate entrance'€"an especially convenient setup for an owner-operator. Attractive interior finishes, great street presence, and an established layout make this an excellent opportunity to take over an operating restaurant without starting from scratch. Ideal for an experienced restaurateur or entrepreneur looking for a ready-to-go business in a high-visibility location. Business sale only. Equipment and fixtures included as applicable. Do not miss this opportunity!
Full Property Details
Full Property Details for 261 Union Ave
General
- Price: $130,000
- Status: Active
- Type: Business
- Source: NJMLS
- MLS ID: 26030372
- Updated: 8/11/2026
- Added to Site: 2 day(s) ago
Location
- Area: Paterson
- County: PASSAIC
Heating & Cooling
- Heating Type: Gas
Utilities
- Utility Description: Sep Elec, Sep Gas
Structural Information
- Architectural Style: Service/Food
- Description/Design: Restaur
- Basement Desc.: Finished
Listed by United Real Estate (888) 501-6953, Ricardo Valdivieso (201) 954-1430
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Schools
Schools serving 261 Union Ave
School District:Paterson City School District
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 261 Union Ave
Date
Details
Price
Change
Source
8/11/2026
Listed
$130,000
-72.63%
MLS
2/10/2025
Sold
$475,000
—
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 261 Union Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,442
—
$327,700
21%
2025
$14,442
9%
$270,700
—
2023
$13,272
6%
$270,700
—
2022
$12,566
4%
$270,700
—
2021
$12,117
13%
$270,700
4%
2019
$10,769
6%
$260,500
11%
2018
$10,136
10%
$234,300
5%
2017
$9,248
-4%
$222,300
—
2016
$9,646
6%
$222,300
—
2015
$9,132
28%
$222,300
-14%
2013
$7,118
—
$259,400
—
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 261 Union Ave
261 Union Avenue, Paterson, NJ 07502 (MLS# 26030372) is a Business property. 261 Union Avenue is currently listed for $130,000 and was received on August 11, 2026. Want to learn more about 261 Union Avenue? Do you have questions about finding other Business real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

