2 Passaic Avenue
Nutley, NJ 07110 · Listing #26007010
$2,195,000
About this home
Beds
—
Baths
—
Living area
—
Type
Retail
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 property features a thriving hospitality business on the ground floor and four income-producing residential apartments above, creating multiple revenue streams and long-term investment potential. The residential apartments are well-maintained. Turn-key, profitable operation with strong potential for added growth. Ownership will consider selling the business independently, subject to executing a mutually acceptable long-term lease for the restaurant/bar premises. The real estate will not be sold separately prior to the sale of the business. Buyers interested solely in the real estate will not be considered unless they acquire the restaurant/bar business simultaneously.
Status
Active
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the New Jersey Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Realty One Group Sunrise are marked with the NJMLS IDX logo, and detailed information about them includes the name of the listing brokerage. Some properties listed with participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information is deemed reliable but not guaranteed. Copyright © 2026 New Jersey Multiple Listing Service, Inc. All rights reserved. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data last updated July 21, 2026 at 2:30 AM ET.