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1/23
$550,000 Just Listed
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1/23
Property Description
FOR SALE: Premier Turnkey Restaurant & Lounge. This is a rare opportunity to acquire La Chula Tex-Mex Cuisine, a highly profitable, 5-star-rated restaurant and lounge located in a prime downtown Rahway location. This absolute hidden gem is a fully turnkey operation, having undergone a complete, high-end renovation in 2023. The sale includes a sought-after liquor license and an operation celebrated for its proven Tacos, Tequila, Tunes concept.The business is more than a restaurant it's a destination. Patrons flock here for the vibrant, cool lounge atmosphere, modern neon decor, and phenomenal service. The outdoor patio is unique and a major draw! The menu is a social media sensation, famed for its gourmet Tex-Mex (like the popular Birria Tacos) and Instagrammable craft cocktails, which feature theatrical presentations with dry ice and smoke.With a 4.6-star Google (450+ reviews) rating and a robust Instagram following, the business has a stellar reputation and a loyal clientele. It is consistently praised for its lively vibe, great presentation, and delicious, fresh food, making it a go-to for date nights and group outings, especially with a live DJ on weekends. The space is approximately 3,000 sq ft between the main level, basement office and storage and the outdoor patio. This is your chance to step into a beloved, successful, and fully operational business from day one!
Full Property Details
Full Property Details for 78 E Cherry St
General
- Price: $550,000
- Status: Active
- Type: Business
- Source: Garden_State
- MLS ID: 4005546
- Updated: Today (1/16/2026)
- Added to Site: Today
Business
- Name: La Chula Tex-Mex
- Business Type: See Remarks
- Business Sub-Type: See Remarks
- Real Estate: No RE Available
Rental Information
- Lease Info: 5 or More Years
Rooms
Bathrooms
- Restrooms: 2
Parking
- Garage Description: On-Street Parking
Location
- County: Union
- Subdivision: Downtown
- Driving Directions: Main St to E Cherry St.
Heating & Cooling
- Cooling Type: 1 Unit
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Private
- Utility Description: Electric, Natural Gas
Structural Information
- Basement: Yes
- Basement Desc.: Finished-Partially
- Square Feet: 2,224
- Aprox. Leasable: 2,224 Sq. Ft.
Lot Features
- Frontage: City/Town Street
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Lease Price Per Mth: $3,000
- Expenses: Owner
- Operating Expenses: $650,784
- Terms: Buyer, Cash
Disclosures and Reports
- Ownership: Partnership
- Documents Avail.: See Remarks
- APN: 2913-00318-0000-00015-0000-
Listed by Real
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Schools
Schools serving 78 E Cherry St
School District:Rahway City School District
| Name | Grades | Distance |
|---|---|---|
Grover Cleveland Elementary School 486 East Milton Avenue, Rahway, NJ 07065 | PK-6 | 0.4 mi |
Rahway Middle School 1157 Kline Place, Rahway, NJ 07065 | 7-8 | 1.2 mi |
Rahway High School 1012 Madison Avenue, Rahway, NJ 07065 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 78 E Cherry St
Date
Details
Price
Change
Source
1/16/2026
Listed
$550,000
—
MLS
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 78 E Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,273
6%
$162,300
—
2022
$11,606
21%
$162,300
—
2022
$9,597
-16%
$162,300
—
2021
$11,491
6%
$162,300
—
2018
$10,863
-6%
$162,300
—
2019
$11,528
5%
$162,300
—
2017
$10,983
2%
$162,300
—
2016
$10,752
5%
$162,300
—
2015
$10,252
4%
$162,300
—
2013
$9,814
—
$162,300
—
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 78 E Cherry St
78 E Cherry St, Rahway, NJ 07065 (MLS# 4005546) is a Business property. 78 E Cherry St is currently listed for $550,000 and was received on January 16, 2026. Want to learn more about 78 E Cherry St? Do you have questions about finding other Business real estate for sale in Rahway? You can browse all Rahway real estate or contact a Coldwell Banker agent to request more information.

