Business For Sale in Palisades Park, NJ
MLS# : 25024928
PROPERTY DETAILS
PROPERTY DESCRIPTION
Turnkey Korean Food & Catering Business for Sale – Prime Palisades Park Location An exceptional opportunity to acquire one of the most successful Korean food and catering businesses on Broad Avenue in Palisades Park. This high-traffic location is ideal for continued growth and brand visibility. The business is well-known for its Korean cuisine, gimbap, coffee, and full-service catering, attracting a loyal customer base with steady daily foot traffic. Key highlights include: Minimal owner involvement – efficient operation with trained staff Fully equipped commercial kitchen Dedicated 1,500 SQFT basement storage space Strong, repeat customer base New lease to be secured with favorable terms
Amenities
This listing is a courtesy of RE/MAX Now
201-891-8000 office, listing agent Esther Kang
About Palisades Park, NJ Real Estate Market
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
| Population: | 19,622 |
| Total Housing Units: | 7,362 |
| Single Family Homes: | 3,547 |
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $807,466 |
| Homes Sold* (12mo): | 21 |
SINGLE FAMILY HOME SALES
Palisades Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
