112 RT. 72 EAST, Vincentown, NJ 08088 – NJBL2074508 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,100,000

Est. payment - /mo

6,500 SqFt

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UPDATED:

11/08/2024 07:23 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $169

MLS Listing ID NJBL2074508

Originating Board BRIGHT

Year Built 1924

Annual Tax Amount $13,176

Tax Year 2024

Lot Size 2.382 Acres

Acres 2.38

Lot Dimensions 0.00 x 0.00

Property Description

A Rare Opportunity to Own a Thriving Business! Located on more than 2.38 acres on a high profile busy highway, this well established Tavern/Restaurant, and 8 rental properties, is a golden opportunity to purchase an income producing commercial property at a competitive price point. A total of three buildings, and two additional lots (see attached survey).
Owned and operating for nearly 101 years, the current owner, only the forth in all that time. The 2K SF Tavern boasts original log cabin aesthetics and blends naturally into its peaceful surroundings. It features a new updated outdoor patio, expanding the available SF for more patronage and entertainment space. There is a full commercial kitchen with a walk-in cooler and walk-in freezer. The new exhaust hood was installed in 2021. And The Liquor License is included in the sale! The rental properties are easy to maintain and easy to rent. There are currently 6 occupied units and 2 under renovation. Please see the listing remarks for the current rental amounts. There are coin operated W/D on the property for tenant use, included in the sale. The sale is As Is but the seller is willing to negotiate and offer concessions to facilitate the sale! Owner is open to seller financing. Bring your Offer and POF and lets make it happen! All reasonable offers will be considered!

Location

State NJ

County Burlington

Area Woodland Twp (20339)

Zoning COM

Interior

Hot Water Electric

Heating Central

Cooling Central A/C, Ceiling Fan(s), Window Unit(s)

Flooring Tile/Brick, Wood, Carpet, Vinyl

Inclusions All kitchen equipment, bar furniture, and outside furniture.

Heat Source Electric

Exterior

Garage Spaces 30.0

Water Access N

Street Surface US Highway/Interstate

Accessibility None

Total Parking Spaces 30

Garage N

Building

Foundation Concrete Perimeter

Sewer On Site Septic

Water Well

New Construction N

Schools

School District Lenape Regional High

Others

Tax ID 39-00601-00007

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Listed by Catherine Reid • Weichert Realtors-Burlington

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262