Business For Sale in Norwood, NJ
MLS# : 26006232
PROPERTY DETAILS
PROPERTY DESCRIPTION
Experience a masterfully executed turnkey opportunity in the heart of Norwood, New Jersey. Established in 2023, this premier Korean culinary destination is situated within a sophisticated retail strip completed in 2022, offering an elite combination of high-visibility frontage and ample customer parking. The space defines modern efficiency, featuring a minimalist, art-forward dining area paired with an industrial-grade kitchen engineered for high-volume precision. The heart of the operation is a chef’s masterpiece, anchored by a direct-imported German Rational iCombi Pro Oven. The facility is meticulously outfitted with all-new, UL & NSF certified equipment, including five new Pitco deep fryers, an eight-burner range, a specialized Kitchenall wok, and a double stock pot. Expansive cold storage solutions include a 10x13x8 ft walk-in cooler and a 10x5x8 ft walk-in freezer, supported by advanced preparation tools like a vacuum marinade tumbler and a dedicated oil filtration system. Behind the scenes, the infrastructure is robust, featuring a 5-ton HVAC system, high-capacity water boiler, and a state-of-the-art Hood and Ansol system vented to the exterior. This is a rare, plug-and-play asset in one of Norwood’s newest developments, offering an immediate entry into the thriving Korean chicken market. To ensure a seamless transition and continued success, the seller is offering all proprietary secrets and recipes with the sale.
Amenities
This listing is a courtesy of Christie's International Real Estate Group-Fort Lee
201-346-0200 office, listing agent Doojin Yoon
About Norwood, NJ Real Estate Market
The borough of Norwood was created using the portions of Harrington Township in 1905, as a result of an act of the New Jersey Legislature. Even before that, the present-day territory of Norwood was a prominent part of Harrington Township, between the Hudson River in the east and Saddle River in the west. The population in Norwood began settling in 1686 by many families from the Dutch Republic, who used the Tappan Patent to purchase lands in the territory. Before that, the Lenni Lenape native Americans roamed in the territory. However, now you can have small-sized houses for sale in this part of New Jersey.
There are dense forests surrounding the borough of Norwood, which are home to many species, such as turtles, deer, rabbits, foxes and coyotes. The gradual rise in the human population started interfering with the existing wildlife.
| Population: | 5,711 |
| Total Housing Units: | 2,007 |
| Single Family Homes: | 1,798 |
| General Tax Rate (2023): | 2.645% |
| Effective Tax Rate (2023): | 2.163% |
| Compare To Other Towns |
Norwood Market Indicators
PRICE INDEX
| Average Price* (12mo): | $1,024,251 |
| Homes Sold* (12mo): | 37 |
SINGLE FAMILY HOME SALES
Norwood, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.645% |
| Effective Tax Rate (2023): | 2.163% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
