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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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98-100 Elm Rd , Newark City, NJ 07105
$715,000
Est. Payment: $3,902.05/mo
Status: active | Days on site: 7
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Susan Maryanski
Operator

House Description

GREAT BUSINESS OPPORTUNITY! RESTAURANT, BAR & LIQUOR LICENSE FOR SALE!Known as "O Preguinho, this long-established Ironbound establishment is a beloved community staple with a recognized name and a history of serving the neighborhood.Located in Six Corners, in Newark's vibrant Ironbound section, this high-visibility location presents an exceptional opportunity for restaurateurs, investors, and entrepreneurs looking to establish or expand their hospitality business.The property offers a bar, dining hall, and takeout service, providing flexibility for a variety of restaurant, bar, and food-service concepts.Whether you want to continue its established tradition or introduce a fresh concept, this is an exciting opportunity to capitalize on a well-known location in one of Newark's most recognized dining and entertainment districts.Don't miss the chance to acquire an established business location with a liquor license and strong potential for future growth!

Highlights

Listed by AUGUSTO VERISSIMO , OP WEICHERT REALTORS - HOME CITY , 201-293-6333. Garden State MLS

Property Type

Business Opportunity

County

Essex

Neighborhood

Ironbound

Listing ID

4059159

Questions about this listing?

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Interior Features

Air Cond:1 Unit,Central Air,Ductless Split AC
Fireplaces:
Basement:Unfinished
Water:Public Water

Exterior Features

Zoning:Residential
Sewer:Public Sewer
Principal Interest
$3,902
Taxes
$456

Home Price

$715,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$143,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,902.05

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,902.05 $455.81 $0.00 $4,357.86
Yearly $46,824.58 $5,469.75 $0.00 $52,294.33
Total $1,404,737.40 $164,092.50 $0.00 $1,568,829.90

Today's Rates

30 Year

7.25%

20 Year

7.06%

15 Year

6.58%

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Market insight data is pulled from the same city as the listing being viewed (Newark City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-22T22:59:27.000Z

© 2026 Garden State MLS