1200 Central Ave - Restaurant FOR SALE


Minotola, NJ 08341
$875,000 USD
856-905-7458
1200 Central Ave, Minotola, NJ for Sale
$875,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

1200 Central Ave
Minotola, NJ 08341


HIGHLIGHTS

  • CORNER PROPERTY WITH 2 ROAD FRONTAGE
  • ONLY RESTAURANT IN TOWN
  • SURROUNDED BY HUNDREDS OF HOMES
  • NEW SENIOR DEVELOPMENT TO BE BUILT CLOSE TO THE PROPERTY

OVERVIEW

This well known DINER/Restaurant is a very busy location in town on a corner with plenty of parking. It seats over 100 people and has room for more if needed. The entire building was completely gutted and remodeled from the roof down. Everything is 4 years new. No expense was spared in the remodel and re construction. All new HVAV, roof, floors, walls, electrical, plumbing, and all equipment. There is also a lease or lease purchase available to a qualified operator. This is a great income producing business and is growing annually. The restaurant is open 6 days and is open from 7 am till 4 pm. It was open 7 days a week till 9pm, seller cut his hours down due to lack of family help. He also has Pizza which he also is not doing now. Add these back for much higher income!!There is a 55 plus community coming soon to the town for added population. Central Ave is a main road through town and to Rt 40.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Black Diamond

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,999 SF

ZONING

Commercial

APN/PARCEL ID

04-00183-0000-00003-01

ASK ABOUT THIS PROPERTY

Peter SiderisCentury 21 Rauh & JohnsMore Info
856-905-7458

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Peter SiderisCentury 21 Rauh & JohnsMore Info
856-905-7458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.