Stewartsville NJ Commercial for Sale

ADDITIONAL INFORMATION

Founded in 1925, as a 'Tea Room" from which barbeque and a hot dog stand existed--the provenance now extends to multigenerational ownership with over 90% recurring business. New septic, and major renovations in the 1990's to present day. Three generations of diners, a banquet room, and the hidden gem--the ratskeller in our basement seats 45 and you can bring this to its full potential in the future. Class C , 33 liquor license allows sale of package goods while service of adult beverages throughout the establishment. Capacity is app. 200 people for the entire structure. Please call Jack for a spot to tour Monday or Tuesday showings, each week.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

This very unique Mixed-Use property was acquired by its current Owner's over a period of 8 years and who purchased these as three separate parcels that create the sum of the whole, that is now being offered for sale as a complete package. Located on highly visible Route 57 is where you will find the first of these three parcels that consists of a Building with Retail space on the first floor, 3 Bedroom Apartment above and a parking lot that also services the 5 Unit Motel. The second and third parcels share an access Easement along the left side that leads to the two Single Family Homes with the one located to the rear left featuring 2 Bedrooms, full Bath and a basement, while the one to the rear right features 4 Bedrooms, full Bath and 2 car Garage. Seller's represent receiving Gross. Income of $99,600.00, Annual Expenses of $37,728.00, resulting in Net Operating Income of $61,872.00 and a Capitalization Rate of 5.1% at the current asking price.