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Warrenside Tavern 511 NJ-173 10,000 SF 100% Leased Retail Building Stewartsville, NJ 08886 $799,000 ($79.90/SF) 11.51% Cap Rate

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EXECUTIVE SUMMARY

Route 78 W to exit 7 Route 173 W to the Warrenside Tavern, on the right - just west of Bloomsbury. Established in 1924, the historic venue has served three generations of clients, offering a banquet room and a hidden gem—the basement Ratskeller, which seats over 45. This space can also be transformed into a lounge or brew bar, providing an opportunity for additional revenue. New $300K septic system and major renovations on the upper and lower level. Class C 33 liquor license, to be conveyed with sale, allows sale of package goods while serving adult beverages throughout the establishment. Fixtures and equipment also included in the sale. Lastly, there is a parking lot easement in place to allow gravel and paved parking onsite. Group tours will be available Monday or Tuesday of each week. Call Jack to schedule a viewing!

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1924/2000
Price
$799,000
Price Per SF
$79.90
Cap Rate
11.51%
NOI
$92,000
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.66 AC
Zoning
R-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-00031-0000-00005
Land Assessment
$81,600
Improvements Assessment
$508,200
Total Assessment
$589,800
  • Listing ID: 31727059

  • Date on Market: 5/7/2024

  • Last Updated:

  • Address: 511 NJ-173, Stewartsville, NJ 08886

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