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profitable and established bar and restaurant

Atlantic County, NJ

profitable and established bar and restaurant
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Asking Price: $5,300,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1977

profitable and established bar and restaurant

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Business Description

profitable and established bar and restaurant

9 Pacific Ave, Atlantic City, NJ 08401
12 days since last update
ListingSaleDocumentsPhotosPropertyHighlightsTenantsFinancialsContacts

Listing
Status
Active
Commission
4%
Will not be published.
Procurement Fee
%
Will not be published.
Listing Expiration
11/21/2019
Will not be published.

Sale Details
Sale Type
Investment or Owner User
Price
$ 5,300,000
Business Value
$ 10,000,000
Cap RateNOI
%
$
SF Owner Can Occupy*
9,048 SF
Occupancy*
Sale ConditionsAuction Sale
Select Sale Conditions
Sale Notes
This is a very busy restaurant located in the heart of Atlantic City New Jersey very close to hotel casinos, Hard Rock, Resorts, Showboat and The Ocean Casino Resort. It features a bar and restaurant on the first floor which seats 200 people and a second floor banquet/restaurant/bar which seats 250. The third floor is storage freezers and refrigerators, and a state of the art owners office/apartment/condo. There are three parking lots for this restaurant that fits 60 vehicles and the restaurants great reputation is a staple for many many years as families, tourists, locals, casino employees, and entertainers frequent this establishment. To learn more about us, please visit our FaceBook page which is The Atlantic City Bar and Grill.
7,000 character limit

Brochures & Other Documents

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Property Photos, Floor Plans, & Videos

Property
Property Type
Retail
Secondary Type
Restaurant
Also Market As (Select Up to 3 Property Types)
Select
Building Status*
Existing
GLA*
9,049 SF
Floors*
3
Typical Floor*
3,016 SF
Year Built*
1921
Renovated
1998
Tenancy
Building Height
40 FT
Construction
Masonry
Sprinklers
Wet
Parking
60 Spaces / 6.63 Ratio
Land Area
AC
AC
Zoning
Ceiling Height
10 FT
IN
Docks
# External
# Internal
Building Depth
Min FT
Max FT
Elevators
Select
Frontage Street Name
Frontage
Curb Cuts
Street Type

Pacific Ave
41 FT
1
Primary
APN/Parcel ID
Select
Features
Select
Property Description
This is a very busy restaurant located in the heart of Atlantic City New Jersey very close to hotel casinos, Hard Rock, Resorts, Showboat and The Ocean Casino Resort. It features a bar and restaurant on the first floor which seats 200 people and a second floor banquet/restaurant/bar which seats 250. The third floor is storage freezers and refrigerators, and a state of the art owners office/apartment/condo. There are three parking lots for this restaurant that fits 60 vehicles and the restaurants great reputation is a staple for many many years as families, tourists, locals, casino employees, and entertainers frequent this establishment. To learn more about us, please visit our FaceBook page which is The Atlantic City Bar and Grill.
7,000 character limit

Highlights
Describe the most appealing features of the property.
Very busy restaurant/Bar
Located on the corner of South Carolina and Pacific Ave, a very traversed corner for anyone visiting Atlantic City

Major Tenants
Tenant Name
Lease End Date
SF
Name
Month
Year
SF

Financials
Type
Year
ActualProforma
2018
Annual
Per SF
Gross Rental Income
$
$
Other Income
$
$
Vacancy Loss
$
$
Effective Gross Income
$
$
Taxes
$
$
Operating Expenses
$
$
Total Expenses
$
$
Net Operating Income
$
$
Alternative Address
Select an alternative address for the property that will display in the search results and listing profile.
1219 Pacific Ave, Atlantic City, NJ 08401
Links
Link URL
Link Description
www.loopnet.com
e.g. LoopNet

Detailed Information

Location:
Atlantic County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
30
Reason for Selling:
Retiring
Business Website:
http://AtlanticCityBarandGrill.com
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Business Listed By:
Gino Garofalo

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