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$245,000

  • For Sale
  • Active
  • Business
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A beautiful, fully renovated Portuguese restaurant with a lovely atmosphere and a great working environment. It boasts a massive client base. A fantastic spot to enjoy delicious European cuisine?a unique offering in the city. Reason for sale: the owner is tired of making money. Seize this unique market opportunity, long 20 year term lease.

Full Property Details for 367 Chestnut St

General

  • Price: $245,000
  • Status: Active
  • Type: Business
  • Source: Garden_State
  • MLS ID: 4054725
  • Updated: 9/23/2026
  • Added to Site: 20 day(s) ago

Business

  • Name: CHURRASCO PORTUGUESE
  • Business Type: See Remarks
  • Business Sub-Type: See Remarks
  • Year Established: 1990
  • Real Estate: No RE Available

Rental Information

  • Lease Info: Long Term

Rooms

Bathrooms

  • Restrooms: 1

Parking

  • Garage Description: See Remarks, Separate Location

Location

  • County: Union
  • Subdivision: COMMERCIAL
  • Driving Directions: M AVE TO 5 POINTS NEXT TO GALLOPING HILL BANQUET HALL.

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Gas In Street, Natural Gas, Cable TV

Structural Information

  • Square Feet: 2,500
  • Aprox. Leasable: 2,500 Sq. Ft.

Lot Features

  • Frontage: City/Town Street
  • Driveway/Sidewalk: Paver Block

Financial Considerations

  • Lease Price Per Mth: $3,800
  • Expenses: Accountant, Owner
  • Operating Expenses: $400,000
  • Terms: Cash

Disclosures and Reports

  • Ownership: Sole Proprietorship
  • Documents Avail.: Financial Statements
  • APN: 2919-01019-0000-00015-0000-

Listed by Investors Realty Inc

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Listing agent

— 367 Chestnut St —

  • Investors Realty Inc

908-212-3635

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 367 Chestnut St

School District:Union Township School District, Union Township, NJ
NameGradesDistance
Washington Elementary School, Union, NJ
301 Washington Avenue, Union, NJ 07083
PK-40.3 mi
Kawameeh Middle School
490 David Terrace, Union, NJ 07083
6-80.8 mi
Union Senior High School
2350 North 3rd Street, Union, NJ 07083
9-121.9 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 367 Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2026
Listed
$245,000
-75.48%
MLS
1/25/2023
Sold
$999,000
—
Public Record
Get Price Alerts and Save Property
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 for 367 Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,793
12%
$72,000
—
2022
$15,060
2%
$72,000
—
2021
$14,694
5%
$72,000
—
2018
$13,966
-2%
$72,000
—
2019
$14,208
3%
$72,000
—
2017
$13,759
2%
$72,000
—
2016
$13,424
2%
$72,000
—
2015
$13,201
-16%
$72,000
-19%
2013
$15,646
—
$88,900
—
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 for 367 Chestnut St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Investors Realty Inc

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367 Chestnut St, Union Township, NJ 07083 (MLS# 4054725) is a Business property. 367 Chestnut St is currently listed for $245,000 and was received on September 16, 2026. Want to learn more about 367 Chestnut St? Do you have questions about finding other Business real estate for sale in Union Township? You can browse all Union Township real estate or contact a Coldwell Banker agent to request more information.

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