Value is in the land. 1.7 acres Route 10, zoned for office or retail trade use. Great for contractor or online business. Outside storage and heavy distribution not allowed.
Welcome to an incredible investment opportunity " Nikko Japanese Restaurant ", a renowned establishment located on a bustling corner along Rt 10 in Whippany. This thriving restaurant, sitting on nearly 2 acres lot, presents an ideal prospect for both seasoned restaurateurs and entrepreneurs looking to make their mark in the culinary scene. Strategically located with easy access from Routes 10, 287, 24 and 80. Nikko Japanese Restaurant recently named "BEST JAPANESE" by New Jersey Monthly Readers Choice Awards. Explore the lucrative market of catering with an established client base.Traditional "Tatami" Room, a unique feature that adds cultural richness and caters to diverse customer preferences. Exquisite Menu: Boasting a diverse menu of Japanese cuisine, sushi, and other delectable offerings. Enhance the dining experience with a bar, complemented by a broad Class C liquor license. Proven Profitability, Nikko Japanese Restaurant has consistently generated lucrative profits for over three decades. Included with the sale is a charming 4 bedroom single-family home on the lot. The extra acreage allows for potential expansion. Alone Rt 10 corridor in Whippany has been designated for commercial redevelopment. Residential development in the area are booming. Hundreds of new luxury rental units will be added to the area in near future. Don't miss the rare opportunity to acquire this successful and well-established restaurant along with valuable real estate in a prime location.
The median home value in Whippany, NJ is $658,000. This is higher than the county median home value of $546,600. The national median home value is $338,100. The average price of homes sold in Whippany, NJ is $658,000. Approximately 86.45% of Whippany homes are owned, compared to 11.4% rented, while 2.15% are vacant. Whippany real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Whippany real estate agent to arrange a tour today!
Whippany, New Jersey has a population of 9,067. Whippany is less family-centric than the surrounding county with 33.29% of the households containing married families with children. The county average for households married with children is 37.96%.
The median household income in Whippany, New Jersey is $129,454. The median household income for the surrounding county is $123,727 compared to the national median of $69,021. The median age of people living in Whippany is 49.5 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 50.4 inches per year, with 29.2 inches of snow per year.