For Sale

2 E Passaic Ave,Nutley Twp., NJ 07110-3049

March 6, 2026

Opportunity knocks with this mixed-use building offering an iconic, thriving Restaurant/Bar business with a rich history and 4 residential apartments. Established nearly a century ago, The Old Canal Inn is poised to continue propelling forward. Total patron capacity of 186 including the 75 in the dining room. An extensive craft beer list flows through the 30 taps, with a strong customer base which enjoys the outdoor patio, live entertainment, catering, private parties and the in-house regulation shuffleboard table as well as the 22 large screen TVs. The kitchen and restaurant received a total renovation in 2015. AC systems (2022), Boiler (2020). The residential apartments are well-maintained and fully occupied. Turn-key, profitable operation with strong potential for added growth.

Property ID:PT-30791223-AXZR

Offer Type:For Sale

Property Type:Mixed Use

Price: 2,195,000 $

Year Built:1908

Listing Details

Status: Active

Location

County: Essex

Lotsize: 100X177 IRR

Lot Description: Corner, Level Lot

Property Type: Mixed Use, Restaurant/Bar

Lot Identifier: 1

Home Details

Location: Residential Area

Sale Includes: Building & Business, Building & Land, Equipment, Operating Licenses

Renovated: 2015

Construction: Brick/Block

Exterior Description: Aluminum,ConcBrd,Vinyl

Roof Description: Flat

Number of Garage Spaces: 20

Number of Stories: 3

Number of Units: 150

Number of Lavatories: 7

Floors: Carpeting, Tile, Vinyl-Linoleum, Wood

Available SqFt: 7000

Building SqFt: 7000

Parking Desc: Blacktop, Lighting, Parking Lot-Exclusive

Easement/Desc: Unknown

Basmnt/Desc: Yes - Bilco-Style Door, Full, Storage

YB/Desc: 1908 - Approximate, Renovated

Block Identifier: 8604

County Number: 16

Town Number: 1616

Possession: TBD

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Documents Available: Survey

Ownership: Fee Simple

Tax ID For Property: 1616-08604-0000-00001-0000-

Tax Amount: $31,805.00

Tax Year: 2025

Tax Rate: 2.699%

Tax Rate Year: 2025

Land Assessment: $349,500.00

Building Assessment: $828,900.00

Total Assessment: $1,178,400.00

Utilities

Equipment Available: Appliances, Burglar Alarm, Exhaust System, Fire Alarm, Fixtures, Kitchen Area, Security System, Sign - Building

Heat Source: Gas-Natural, Oil Tank Above Ground - Inside

Heat System: 2 Units, Baseboard - Hotwater, Radiators - Steam

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Other

Zoning: B2

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2,195,000 $

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Listing Details

2 E Passaic Ave,Nutley Twp., NJ 07110-3049

Description

Details