Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • TAPinto.net

    Former Home of Popular Totoway Business to be Sold

    By Gabriella Dragone,

    2024-08-29

    https://img.particlenews.com/image.php?url=3FTWFA_0vFHcdtb00

    Credits: Gabriella Dragone

    TOTOWA, NJ – The property that once housed Fontanarosa Gourmet Specialty Foods at 86 Lincoln Ave will go up for sale.

    Fontanarosa was a beloved local business known for its fresh pasta, sauces, and other Italian specialties. The closure of Fontanarosa in 2016, left a void in the community, and now, with the upcoming sale of the property, it signifies the next chapter in the site's history.

    CLICK HERE TO SIGN UP FOR THE FREE TAPINTO.NET NEWSLETTER

    Measuring approximately 3,999 square feet (0.09 acres), the property includes is a mixed-use building with both retail and residential components. The Borough of Totowa has determined that there is no public purpose for retaining the property. According to an appraisal by Marshall Stevens, a firm retained by the Borough Council, the property has a fair market value of $530,000. The property will be sold to the highest bidder through a public sale, with the buyer responsible for all costs related to the sale, including legal, survey, and environmental fees.

    “The sale of the property will bring a new business or residents to the town,” Mayor John Coiro said. “I’m sure the winner of the auction bid will spruce up the property.”

    The ordinance outlines several conditions for the sale, including that the property will be sold "as is" and that the buyer will be responsible for a non-refundable 10% deposit of the fair market value. Additionally, any new construction on the property will require the necessary approvals.

    The finalization of the sale is expected to take place soon, with the borough preparing contracts for the interested buyers.

    For more local news, visit TAPinto.net

    Expand All
    Comments / 5
    Add a Comment
    Joe Just Joe
    08-30
    Proof read Before posting. Duh
    Liz Sheerin
    08-30
    They were the best my parents and I use to go in there almost everyday for lunch they actually new what we wanted and our names buy the time we stop going and honestly we stop going for one sad sad fact my mom passed away!
    View all comments
    YOU MAY ALSO LIKE
    Local News newsLocal News
    Robert Russell Shaneyfelt20 days ago
    The Shenandoah (PA) Sentinel18 days ago
    Robert Russell Shaneyfelt4 days ago
    Robert Russell Shaneyfelt5 days ago

    Comments / 0