236 S Bayview Dr - Restaurant FOR SALE


Strathmere, NJ 08248
$4,975,000 USD
609-399-2500
236 S Bayview Dr, Strathmere, NJ for Sale
$4,975,000 USD
Restaurant - FOR SALE
1/44
null | Request Cap Rate

236 S Bayview Dr
Strathmere, NJ 08248


HIGHLIGHTS

  • Twisties Tavern On The Bay
  • Waterfront property with panoramic bay view
  • Well established restaurant with commercial kitchen and bar

OVERVIEW

A rare opportunity to own an established bayfront restaurant "Twisties Tavern on the Bay", located between Ocean City and Sea Isle City in Strathmere. With a loyal following, Twisties is known for its friendly service, delicious food, drinks, and breathtaking bay views with stunning sunsets. This Strathmere tradition for 95 years has a rich history, it’s even rumored that Al Capone once visited, inspiring the owners to begin their collection of mounted fish that now adorn the walls. This iconic tavern underwent a major renovation in 2010, enhancing its charm while preserving its history, including the mahogany bar dating back to 1929. The restaurant and bar are decorated with nautical décor, carved coconut heads, and vintage memorabilia, adding to its unique character. Inside, guests enjoy a nostalgic atmosphere, where the jukebox still plays both old tunes and new favorites. The restaurant offers seating for 98 guests indoors and 25 for outdoor dining on the deck, where guests can take in the waterfront views and ocean breeze. The lower terrace can accommodate seating for an additional 50 guests. Visitors arrive by car, bicycle, or boat, with five boat slips available for those who prefer to dock and dine. Twisties has earned the title of the #1 local restaurant and bar on Google, TripAdvisor, and Yelp, drawing visitors from all over who come to enjoy the fantastic food, handcrafted drinks, and unforgettable sunsets over the bay. The menu offers a variety of delicious dishes, from fresh seafood and mouthwatering burgers to creative small plates and specialty drinks, ensuring there’s something for everyone to enjoy. This turn key operation includes a fully equipped large commercial kitchen, a dedicated wait station, and a totally equipped bar providing ample space for the staff to work efficiently. The restaurant and bar are equipped with acoustic soundproofing panels to make for a more pleasant dining experience. The property also features a lovely 2nd floor residence accessible via a private entrance. This beautifully appointed retreat boasts a spacious open living area adjoining a large private deck with panoramic bay and sunset views, an upscale kitchen with granite counters and stainless steel appliances, a comfortable bedroom, upscale bathroom and laundry. The entire building has a fire suppression and central fire/alarm system. Don’t miss this incredible opportunity to own a beloved waterfront destination with a storied past and a bright future! The sale includes the real estate at 236 Bayview Drive, as well as Twisties Restaurant including all restaurant equipment, furnishings, china, glass and silver, and the retail consumption license necessary to operate the tavern. The sale also includes most furnishings in the 2nd floor residence and the existing floating dock system.

FOR SALE DETAILS

PRICE

$4,975,000 USD

PRICE/SF

$1,421 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,644 SF

ZONING

RR

APN/PARCEL ID

11-00841-0000-00009

ASK ABOUT THIS PROPERTY

Burton WilkinsGoldcoast SothebysMore Info
609-399-2500

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Burton WilkinsGoldcoast SothebysMore Info
609-399-2500

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