Jersey Shore Property with Pub-Restaurant for Sale

Locust, NJ (Monmouth County)

Interior of Pub
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Asking Price: $2,975,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: N/A

Jersey Shore Property with Pub-Restaurant for Sale

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Property Description

Retail Property - Full Liqour License - Overlooking The Beach

Property type: Single Story Building / with a Fully Operational Pub & Restaurant.
Term: Delivered Vacant
Real Estate Taxes: $13,000 per annum
Size: Ground Floor: 3,960 SF | Unenclosed Courtyard Café: 3,360 SF
Purchase Price: Asking $2,975,000

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Detailed Information

Location:
Locust, NJ
Type:
Retail
Building Status:
Established
Facilities:
Notes: Located directly across the road from the beach. This property comprises of one single story building, with 10,000 SF of development rights above the property. A second and third floor may be added to the property, for use as rental apartments, or to be sold as condominiums. The Pub-Restaurant has a full liquor license, seven days per week till 2am. The full Liquor license is transferable to other New Jersey properties and valued in the region of $400K. There is one large 127ft L shaped bar inside the property. The bar seats 50 people. The dining area surrounding the bar, seats 70 people. Certificate of Occupancy is for 219 people. The unenclosed courtyard café, comfortably seats 100 people and has its own service bar. The Pub-Restaurant, will be delivered fully fixtured. The entire property underwent a full gut renovation in 2016 and all the FF&E are less than two years old. The Pub-Restaurant is currently an Irish sports pub, which can easily be adapted for other hospitality uses, or other non-hospitality retail uses. The property is located 50 Miles from New York City. It can be accessed from NYC via car, which takes one hour, or by ferry from The World Financial Center, which takes 55 minutes. The Pub-Restaurant that currently occupies this property, caters to both the local community, as well as summer vacationers.
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Michael Hayes

Property Listed By:
Michael Hayes

Boxers Realty

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