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13 Bridge St 3,554 SF 100% Leased Retail Building Stockton, NJ 08559 $945,000 ($265.90/SF) 7.74% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully occupied mixed-use property with restaurant and apartments.
  • Iconic restaurant with indoor seating for 60 and outdoor patio.
  • Two spacious two-bedroom apartments with full occupancy history.
  • Iconic restaurant with indoor seating for 60 and outdoor patio.
  • BYOB with convenient access to nearby liquor store.
  • Prime location in affluent Hunterdon County with strong highway exposure.

EXECUTIVE SUMMARY

Welcome to the iconic Restaurant and Apartments, fully occupied thriving establishment nestled in the heart of Stockton Boro, New Jersey. With a rich history of successful Restaurant Businesses for many years and Two fully rented residential units, this property offers not just a culinary haven, but also a great source of diversified income. The restaurant itself is focal to the local dining scene featuring romantic dining vignettes, a fabulous Pizza Oven from Italy and includes permitted indoor seating for 60 patrons. Adding to the appeal, the establishment offers outdoor seating in the front. The prime location provides excellent highway exposure that ensures a steady flow of patrons. A BYOB, with proximity to the liquor store is quite convenient .The Two spacious bedroom Apartments have full occupancy history. Calling all investors seeking a property with multiple, diversified income streams, the mixed use Restaurant and Apartments in Stockton Boro presents an enticing opportunity. Don't miss the chance to be part of the continued success and charm that this establishment brings to the local community located in the affluent Hunterdon County of New Jersey.

ATTACHMENTS

Financial Breakdown

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,554 SF
Building Class
B
Year Built
1856
Price
$945,000
Price Per SF
$265.90
Cap Rate
7.74%
NOI
$73,190
Business Value
$175,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.16 AC
Zoning
CR - CR, "Commercial Recreation", this zoning designation is intended to accommodate recreational activities and facilities that serve the public.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-00012-0000-00012
Land Assessment
$400,000
Improvements Assessment
$257,200
Total Assessment
$657,200
  • Listing ID: 31203011

  • Date on Market: 3/13/2024

  • Last Updated:

  • Address: 13 Bridge St, Stockton, NJ 08559

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