V.P. Julie Gralla Leads Assignment for Landmark Restaurant on Franklin Avenue

WOODBRIDGE, N.J., June 24, 2021 – The Kislak Company, Inc. was recently named the exclusive sales agent for the former Franklin Steakhouse, a 12,000-square-foot restaurant, bar, and banquet space located in the heart of downtown Nutley, New Jersey at 238 Franklin Avenue.

The property, which includes a liquor license, is a two-story brick building with approximately 4,000 square feet per floor and an additional 4000-square-foot finished basement with a chef’s kitchen, an office and bathrooms. The first floor has a bar with restaurant seating plus banquet space with a dance floor located on the second floor. Capital improvements include a gut-renovated first floor with updated restaurant equipment, HVAC system units, new rubber roof, and a heavy-duty commercial hot water tank. Municipal parking is available behind the property.

Vice president Julie Gralla is handling the assignment on behalf of the property owner.

“This landmark restaurant space brought in $2.7 million in income per year prior to the pandemic and will be the future success of a restauranteur or developer,” commented Ms. Gralla. “This is a unique opportunity for a discounted investment, which includes a highly valuable liquor license.”

The asking price is $1,600,000.

For more information about 238 Franklin Avenue, please contact Julie Gralla at (732) 750-3000 ext. 224 or jgralla@kislakrealty.com.