Restaurant + Multi-Unit Property Listed for Sale in Montclair by The Lane Team
We love Montclair for its gorgeous real estate and unique eateries. Montclair is a great place to start a restaurant business or invest in a property. For those interested in investing, The Lane Team is presenting the previously owned Ruthie’s BBQ/Pizza building and its charming multi-unit home next door as a BUNDLE sale for both buildings. The vintage duo is great for both investors and entrepreneurs to create their dream haven in a prosperous community. Keep reading to learn more about this real estate investment opportunity listed by The Lane Team.
All About Ruthie’s Building
Located at 171 Forest Street, Ruthie’s BBQ + Pizza was a thriving eatery in Montclair, providing dry rub ribs, BBQ dishes, thin-crust pizza, and more. Many residents and visitors would gather at the location for food and live music, with bands jamming on the outdoor patio in the summer. However, the owners recently closed after 16 years in business to move on to another venture, Marksboro Mills.
“Ruthie’s building has been an iconic landmark in Montclair, drawing food enthusiasts with its delectable BBQ/pizza offerings,” said Chris Lane. “This restaurant offers a spacious outdoor dining patio as well as interior seating. The building boasts a prime location situated in the heart of Montclair, with high foot traffic and excellent visibility”
If you’re an entrepreneur looking for a restaurant business space or great investment properties in Montclair (plus a place to reside above the location), look no further than Ruthie’s building. Standing at 2854 sqft, the building is fully equipped to accommodate new owners.
“Restaurant space offers ample interior/exterior seating, large basement prep kitchen, and well-equipped restaurant floor kitchen,” Chris Lane told The Hoboken Girl. “Upstairs is a gorgeous two-bedroom, one-bath apartment with hardwood floors, ample sunshine, spacious rooms, and an updated kitchen and bath.”
All About the Multi-Unit Home
Next to Ruthie’s building at 64 Chestnut Street is a multi-unit home that provides a great rental opportunity or living space.
“Features include versatile living space, [and] each unit is thoughtfully designed with separate entrances and utilities, ideal for additional investment income,” said The Lane Team. “The house is equipped with modern conveniences and central A/C, ensuring comfort and functionality for its occupants.”
Standing at 2,080 sq ft, the unit also includes laundry in the basement and a gorgeous backyard space to unwind after a long day at your restaurant.
Investing in the Best of Both Worlds
Both properties date back to the early 1900s: Rosie’s building was built in 1921, and the multi-unit home was built in 1915.
“The combined potential of Ruthie’s building, upstairs apartment, and the neighboring multi-unit home is an opportunity you can’t afford to overlook,” said Chris Lane of The Lane Team. “Whether you’re an entrepreneur or an investor seeking lucrative prospects yearning for an exciting lifestyle, this sale presents the best of both worlds.”
The Lane Team urges investors and business owners alike to act immediately to secure Montclair’s exceptional package.
“Don’t let this restaurant and real estate bonanza slip away!”
Co Listed with Christine Lane and Amy Roy Compass RE.
^ The Lane Team