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El Cid Restaurant and Liquor License 205 Paramus Rd

5,500 SF Retail Building Paramus, NJ 07652 $6,953,166 CAD ($1,264 CAD/SF)

Executive Summary

El Cid Restaurant & Bar (With Liquor License) – A Culinary Legacy in Paramus for Steak and Seafood for over 30 years.
Nestled on 1.2 acres of prime land at 205 Paramus Road in the vibrant Township of Paramus, El Cid Restaurant & Bar presents a rare and lucrative opportunity for culinary entrepreneurs and investors. The establishment, spanning 5,138 square feet, has been a cherished family-run venture since 1994, creating a rich history and a loyal clientele.
This iconic two-story restaurant boasts a unique layout with a mezzanine offering scenic views of the bustling downstairs bar. Featuring two well-appointed bar areas, the venue comfortably seats approximately 200 guests, promising an immersive and unforgettable dining experience. The restaurant's allure extends to the first floor, where a temperature-controlled wine closet adds a touch of sophistication.
The property is a hub of culinary excellence, equipped with a fully operational kitchen ready for immediate use. The lower level hosts dry storage, freezer and cooler facilities, along with two lobster tanks, contributing to the seamless operations of this distinguished establishment.
Strategically positioned just half a mile from Route 4 – a major corridor connecting to NYC within 7 miles – El Cid is not only a culinary gem but also benefits from its proximity to prestigious golf courses, including the Ridgewood and Arcola Country Clubs.
Property Highlights:
Size: 5,138 SF
Lot Size: 1.2 acres
Year Built: 1955
Stories: One (1) + mezzanine
Seating: 200
Parking: 100+ vehicles
Situated in Paramus Township, a sought-after suburban enclave with a population of 26,698, this locale offers more than just culinary potential. Boasting a robust educational system, strategic highway access, and an impressive retail sector, Paramus sets the stage for prosperous commercial enterprises.
Demographics:
Population: 26,698
Median Age of Householder: 39.5
Average Household Income: $166,191
Traffic Counts: 27,502 vehicles per day on Paramus Road
Don't miss the chance to own a piece of culinary history in a thriving community. El Cid Restaurant & Bar awaits its next chapter of success – an opportunity as rare and distinctive as the flavors it has served for nearly three decades.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,500 SF
Building Class
C
Year Built
1955
Price
$6,953,166 CAD
Price Per SF
$1,264 CAD
Building Height
3 Stories
Building FAR
0.11
Land Acres
1.20 AC
Zoning
NB - Business
Parking
100 Spaces (18.18 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-01601-0000-00002
Land Assessment
$1,624,082 CAD
Improvements Assessment
$3,058,873 CAD
Total Assessment
$4,682,955 CAD
  • Listing ID: 31104773

  • Date on Market: 2024-03-02

  • Last Updated:

  • Address: 205 Paramus Rd, Paramus, NJ 07652

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