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    1509 Rte 542, Unit A Washington, NJ 08215

    New
    For Sale
    $2,700,000

    COMMERCIAL - Washington, NJ

    Lot size:
    0.92 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 1509 Rte 542

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    36-00049-01-00009
    Parking features
    Parking Lot
    Basement
    Partial
    Lot size
    0.92 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Floors in Building
    1

    Garadedian Realty Group, LLC (609) 494-8400

    Listing agent Beth M DeBruyn (609) 494-8400

    Listing date Dec 6, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Tavern with Expansion Potential

    This is an opportunity to own a piece of New Jersey history with a thriving income-producing asset. The Lower Bank Tavern, a beloved landmark, is now available, encompassing the iconic bar/restaurant and expansive grounds. This well-established bar and restaurant is a gathering spot cherished by the local community and visitors. This is a turnkey business opportunity with a proven track record. The property includes a 0.92-acre parcel of land, providing ample space for parking, outdoor dining, and potential for more. A substantial pole barn provides essential storage for business equipment, inventory, or the potential for future expansion. This property benefits from both local patronage and traffic passing through.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Washington
    County
    Warren
    State
    New Jersey
    Longitude
    -74.540229
    Latitude
    39.616378

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    FAQs

    What type of property is this?
    Bar - Thriving bar/restaurant on 0.92 acres with room for growth.
    Where is this bar located?
    The property is located at 1509 Rte 542, Unit A Washington, NJ.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing bar and restaurant business with a proven track record.; - Iconic, well-established landmark with a loyal local following and visitor traffic.; - Generous 1-acre parcel of land offers ample parking and outdoor dining space.
    (609) 494-8400
    Request Owner's contact information
    1509 Rte 542, Unit A Washington, NJ 08215
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    Washington, NJ 08215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1509 Rte 542, Unit A Washington, NJ 08215
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