219 High St - Restaurant FOR SALE


Burlington City, NJ 08016
$1,250,000 USD
732-531-4200
219 High St, Burlington City, NJ for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/2
null | Request Cap Rate

219 High St
Burlington City, NJ 08016


HIGHLIGHTS

  • ASSET SALE ONLY
  • REAL ESTATE, LIQUOR LICENSE & EQUIPMENT
  • COMPLETELY REMODELED
  • LOCATED WITHIN OPPORTUNITY ZONE
  • ALL REASONABLE OFFERS CONSIDERED

OVERVIEW

This multi-level restaurant & bar is located in the heart of the beautiful, Burlington County Opportunity Zone overlooking the Delaware Riverfront. Designed as a casual, yet intimate setting providing high quality, freshly made seasonal American Classics. The spacious building can also accommodate events of all sizes - parties, weddings, business affairs. A top-to-bottom renovation was done in 2016 at a cost of $1M+. The 10,000 square foot space was converted into two dining rooms with bars - upstairs and down, a sunroom, lounge, meeting room, office and outdoor courtyard. A full basement and totally renovated kitchen with all new equipment rounds out the makeover. Forward thinking, the owners completed the project by replacing all mechanicals and plumbing; installing a new POS system: security cameras and alarms inside & out; a complete water filtration system; a dumbwaiter; upgraded IT with ethernet powered Wifi. The owner has decided to pursue a different career path creating the opportunity for an experienced group to take this restaurant to unforeseen heights.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1790

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

05-00118-0000-00020

ASK ABOUT THIS PROPERTY

Richard SantoreBielat Santore & CompanyMore Info
732-531-4200

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Richard SantoreBielat Santore & CompanyMore Info
732-531-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.