NUTLEY, NJ – The Old Canal Inn, a historic Restaurant/Bar with a century-old legacy, is currently on the market for $2,195,000. The 6,800-square-foot mixed-use building is located at 2 E Passaic Ave, Nutley, NJ 07110 and includes four fully-occupied residential apartments.
The iconic venue has a patron capacity of 186, with 75 seats in the dining room. In addition to an extensive craft beer selection offered through its 30 taps, the Old Canal Inn features an outdoor patio, live entertainment, catering services, and private party hosting. The establishment also includes in-house entertainment with a regulation shuffleboard table and 22 large-screen TVs.
The Old Canal Inn underwent a comprehensive renovation in 2015, which included updates to the kitchen and dining facilities. Essential systems such as the AC units were replaced in 2022, and the boiler was updated in 2020.
The venue is a turn-key operation with significant growth potential and includes a liquor license in the sale. The residential apartments contribute to its investment value and are well-maintained.
For those interested in this unique opportunity, it presents a profitable venture in a well-established location.