ID# 1544 - Turnkey Bar/Restaurant With Four Rental Units
Warren County, NJ
Asking Price: $999,900
The numbers really work here! Awesome opportunity to own a gorgeously refinished, turnkey bar/restaurant with three additional residential units and one commercial unit (all rented) in Warren County. With a projected monthly mortgage payment (based on a full price offer with a 20% down payment) of roughly $5,200, your rentals would already cover $4,300 of that, dramatically offsetting your bottom line. All the rental units have been updated and the restaurant was completely renovated just a couple of years ago. Though currently closed, the place grossed $650,000 in revenue the last 12 months it was open. This is a phenomenal chance to own a bar/restaurant with property in a lovely area of New Jersey that carries way less stress than one without such rentals. You could also choose to lease out the restaurant for additional rental income and simply be a landlord. However, a savvy operator could make this place perform well just by being there and paying attention to it. This location also boasts a scenic two-level outdoor patio that has a soothing stream running directly underneath it. Additionally, the owners spared no expense in installing a one-of-a-kind barn-style door in the dining room to allow sectioning off for private events. Schedule your showing today to see this unique, diminished-risk property. It truly just needs a concept and signage. The rest has been meticulously done for you already.
Real Estate: Owned
Building SF: 7,387
Sale Includes: Property, Liquor License, Furniture, Fixtures & Equipment and Four Additional Rental Units