511 NJ-173 - Restaurant FOR SALE


Stewartsville, NJ 08886
$799,000 USD
908-391-6863
511 NJ-173, Stewartsville, NJ for Sale
$799,000 USD
Restaurant - FOR SALE
1/4
null | 11.51% Cap Rate

511 NJ-173
Stewartsville, NJ 08886


OVERVIEW

Route 78 W to exit 7 Route 173 W to the Warrenside Tavern, on the right - just west of Bloomsbury. Established in 1924, the historic venue has served three generations of clients, offering a banquet room and a hidden gem—the basement Ratskeller, which seats over 45. This space can also be transformed into a lounge or brew bar, providing an opportunity for additional revenue. The current business operates Thursday - Sunday, serving roughly 300 meals a day generating a daily income of $8,000 but there is a chance to earn more with the use of the ratskeller. The capacity is approx. 200 people for the entire structure. Class C building. New $300K septic system and major renovations on the upper and lower level. Class C 33 liquor license, to be conveyed with sale, allows sale of package goods while serving adult beverages throughout the establishment. Fixtures and equipment also included in the sale. Lastly, there is a parking lot easement in place to allow gravel and paved parking onsite. Group tours will be available Monday or Tuesday of each week. Call Jack to schedule a viewing!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

11.51%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Warrenside Tavern

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

R-1

APN/PARCEL ID

07-00031-0000-00005

ASK ABOUT THIS PROPERTY

Jack DeCavagnalBerkshire Hathaway HomeServices NJ PropertiesMore Info
908-391-6863

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Jack DeCavagnalBerkshire Hathaway HomeServices NJ PropertiesMore Info
908-391-6863

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