Bar and Liquor License with
299 Smith Street Perth Amboy, NJ 08861
299 Smith Street, Perth Amboy, NJ, 08861
$995,000
For Sale
$995,000
COMMERCIAL - Perth Amboy, NJ
Property Size3,304 SF
Lot Size0.06 Acres
Price / SF$301.15
Days on Market23
Property Features for 299 Smith Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Parking
- 3
- Parking features
- Driveway
- Interior features
- Fixtures, Refrigeration
- Appliances
- Refrigeration
- Standard status
- Active
- APN
- 1600070000000029
- Size
- 3,304 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11210
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Flooring type
- Laminate, Tile
- Building materials
- Stucco
- Roof type
- Asphalt
Listing Agency
PETRA BEST REALTY LLC
(732) 442-1400
329 SMITH ST, Perth Amboy, NJ
Listed by
Enrique Hernandez
(732) 442-1400
Added: Jun 29 Updated: Jul 17 at 11:51 am Checked: Jul 21 at 4:06 am
MLS# 2618488R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial package includes a well-established bar business, commercial real estate, and a liquor license. The offering also features a spacious four-bedroom apartment, providing flexibility for owner occupancy or additional rental income.
The property is located at 299 Smith Street in Perth Amboy, New Jersey, within C-1 zoning.
With a total building size of 3,304 square feet and a lot size of 0.0574 acres, this is a compact, combined business and real estate opportunity.
The property is located at 299 Smith Street in Perth Amboy, New Jersey, within C-1 zoning.
With a total building size of 3,304 square feet and a lot size of 0.0574 acres, this is a compact, combined business and real estate opportunity.
Key Highlights
- Sale includes commercial real estate and the established La Vega Bar business
- Includes #33 liquor license and a spacious 4‑bedroom apartment
- Stucco construction with asphalt roof; laminate and tile flooring
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.4k | $21.60 |
| − Vacancy | −$4.0k | −$1.21 |
| EGI | $67.4k | $20.39 |
| − OpEx | −$16.8k | −$5.10 |
| NOI | $50.5k | $15.29 |
3,304 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$721.8K
$631.6K – $842.1K
NOI $50,527 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$862.7K
$754.9K – $1.01M
NOI $60,392 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Vega Bar
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- La Playita Sports Bar — 96-98 2nd St, Perth Amboy, NJ 08861
- La Vega Bar — 299 Smith St, Perth Amboy, NJ 08861
- New Rainbow Bar & Liquor — Perth Amboy, NJ 08861
- Jass Restaurant & Lounge — 270 Madison Ave, Perth Amboy, NJ 08861
- Cacheo Sport Bar — Davidson St, Perth Amboy, NJ 08861
FAQs
What type of property is this?
Bar & Pub - For sale C-1 property includes La Vega Bar, a liquor license, and a four-bedroom apartment.
Where is this bar & pub located?
The property is located at 299 Smith Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Sale includes commercial real estate and the established La Vega Bar business; Includes #33 liquor license and a spacious 4‑bedroom apartment; Stucco construction with asphalt roof; laminate and tile flooring
