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Ivy Tavern Property

Hamilton, NJ (Mercer County)

Ivy Tavern Property
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Asking Price: $1,000,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Ivy Tavern Property

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Business Description

The property is improved with a tavern, liquor store, and 2 rental apartments. The building was constructed in 1920+/-. It has masonry and vinyl siding exterior, a concrete foundation and a flat and gable roof surfaced with rubberized membrane and composite shingle.

The front portion on the building consists of a 3,060+/- SF tavern & liquor store with seating for approximately 65+/- customers. There is a kitchen area that has a pizza oven for customers to either eat-in or take out. The pizza, as well as all food, is made fresh on-site. There is table seating for approximately 30+/- and bar seating for an additional 35+/- patrons. The flooring is primarily linoleum. The walls are gypsum board. Heating and cooling are both gas forced air.

The rear portion of the building consists of two apartments; The first floor apartment has 2 bedrooms, a living room, kitchen and a basement. It has been rented to the same tenant for 10+/- years. Monthly income from the apartment is $1,000.00. The tenant pays their own utilities; the landlord pays sewer and water.

The second floor of the building consists of one apartment with 2 bedrooms, a living room and a kitchen. There is also an attic which has been converted to a living room. The flooring is primarily linoleum and commercial grade carpeting. The walls are gypsum board. Rental income from this apartment is $1,200.00 per month. The tenant pays their own utilities; the landlord pays sewer and water.

Heating for both apartments is gas radiator heat. Cooling is provided through individual window units. Electrical service to the building is single phase 200+/- amp. A Hamilton institution that has been family owned and operated for 60+/- years. A Plenary Retail Consumption License, #1103-33-049-006, is included in the sale price as are all liquor inventories, furniture, fixtures and equipment. The Plenary Retail Consumption License allows the owner to “sell alcoholic beverages for consumption on the licensed premises by the glass or other open receptacle and also to sell any alcoholic beverages in original containers for consumption off the licensed premises. Restaurant is permitted but not a package store with displays”.

This is a popular spot for local bands, sports viewing and karaoke nights. The kitchen provides additional income.

This is a great opportunity for anyone considering the purchase of an established bar and tavern. The apartments also provide additional rental income. Properties such as this are not made available to the public that often. Act fast and call to schedule an appointment today!

Detailed Information

Location:
Hamilton, NJ
Business Website:
http://www.richardsoncommercial.com
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Michael Pratico

Business Listed By:
Michael Pratico

Richardson Commercial Realtors

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