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1090 Route 22 West

Multi Unit / Restaurant w Liquor License / Highway Visibility / 3.92 Acres Development Opportunity

Listing Contacts

Active

Asking Price: $1,500,000
Address 

1090 US-22, Clinton, NJ 08833

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Date Added
Mar 17, 2024
Days on Market
372 days
Time Since Last Update
8 days

Details

Property TypeRetail, Multifamily, Industrial, Hospitality, Mixed Use
SubtypeRestaurant, Bar
Investment TypeOwner/User
ClassC
Square Footage2,000 - 6,000
Pro-Forma Cap Rate6.60%
Occupancy100%
Pro-Forma NOI$99,000
Units6
Year Built1940
Year Renovated2021
Buildings3
Stories2
ZoningC-ROM
Lot Size (sq ft)170,755.2
APN1006_4.03_33
OwnershipFor Sale
Sale Condition1031 exchange

Marketing Description

Investment Opportunity: Bar/Restaurant with Rental Units on 3.92 Acres

Discover a lucrative investment opportunity in Clinton Township, NJ! This property boasts a thriving bar/restaurant with a liquor license, along with rental units, all fully rented and generating steady income.​

Key Features:

  • Profitable Business: The bar/restaurant features seating for 50 patrons, offering a cozy atmosphere and a loyal customer base.​ With room for expansion, there's potential to increase revenue streams and accommodate more guests.​

  • Highway Visibility: Strategically located on Route 22 with excellent highway visibility, ensuring maximum exposure and attracting both local customers and passing travelers.​

  • Abundant Parking: Ample parking space for up to 100 cars, providing convenience for patrons and tenants alike.​

  • Versatile Zoning: Zoned as C-ROM, offering flexibility for various development options beyond the current business setup.​ Explore the potential for additional income-generating ventures or property enhancements.​

  • Prime Location: Positioned between Route 78 and Route 22, this property enjoys a prime location with easy access to major transportation routes, enhancing its appeal to tenants and customers.​

Additional Details:

  • Rental Units: The property includes rental units that are fully occupied, contributing to a steady stream of passive income.​

  • Expansion Potential: With 3.92 acres of land available, there's ample room for expansion or development projects to further capitalize on the property's potential.​

Don't miss out on this rare opportunity to invest in a lucrative property with multiple income streams and endless possibilities for growth.​ Contact us today to schedule a viewing and explore the potential of this prime real estate investment in Clinton Township, NJ.​

Investment Highlights

  • Bar/ Restaurant, liquor license

  • 2 cottages, & a 5 room rental above the bar

  • 3.92 acres.

  • High traffic & high visibility up & down Route 22,

  • Lots of parking.

  • Other uses include Retail sales as described in the C-1 zone & C-ROM Zoning

  • Great passive income with 3 rental units.

  • Full Kitchen, New bathrooms renovated

  • Central AC unit has been recently replaced 2020

  • Furnace & hot water heater replace 2021 aprx.

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Due Diligence

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Listing Contacts


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Broker Information
Broker Name
Clay Mason
Broker License
NJ 0678808
Brokerage Name
LivX
Broker Title
Commercial Broker
Brokerage Address
29 Evans Place, Pompton Plains, United States 07444
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