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

Amazing opportunity and location for your next business or investment property! This former BBQ restaurant is the perfect location for a national tenant, drive thru restaurant or a retail store. The high visibility site is located on Route 22 directly across the street from old Phillipsburg Mall which was purchased 2-years ago to develop into a massive residential apartment complex and commercial corridor. Minutes from Route 78 and downtown Phillipsburg! The sale includes building and lot! Large, paved parking area accommodates 30 cars!

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.