Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3119 Revere Blvd Brigantine, NJ 08203

    Sponsored
    For Sale
    $2,250,000

    Commercial - Brigantine, NJ

    Days on Market:
    274
    Last Refresh:
    Feb 3 at 4:06 pm

    Property Features for 3119 Revere Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    We can help!

    Listing Contact
    RALPH (PAUL) BUSCO

    SOLEIL SOTHEBY'S INTERNATIONAL REALTY-B (609) 487-8000

    Listing agent RALPH (PAUL) BUSCO (609) 264-5543 License #0569707

    Listing date May 6, 2025

    MLS# 595138 Listing URL

    Copyright © 2026 South Jersey Shore 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.

    Learn more

    Property Insight Report

    Overview

    Brigantine Bar/Restaurant Opportunity

    This commercial property in Brigantine Beach presents a bar and restaurant opportunity. The former Cellar 32 Bar & Restaurant features a two-story building with 6,750 square feet of bar and restaurant space. It includes a Plenary Retail Consumption License with Broad Package Privilege and ample off-street parking with 25 spaces. The property can accommodate seating for 240 patrons. Situated in a central island location near Lighthouse Circle, CVS, and other year-round retail establishments, it benefits from pedestrian traffic and visibility. The property offers the potential to reopen as a restaurant and bar with a liquor store or to be converted into a mixed-use commercial and residential space, as permitted by zoning regulations. The location also offers potential bay and Atlantic City skyline views. An environmental report is available. This property is located in a bustling shore town, minutes from Atlantic City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Cellar 32, The Cove Restaurant - Bar - Package Goods

    Location Insight

    • Map
    • Local Demand
    City
    Brigantine
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.3870805
    Latitude
    39.3954203

    Nearby Similar for Sale

    • $2,300,000
      0.14 Acres

      Mixed-Use Commercial Building Near Beach

      Fully occupied mixed-use commercial building one block from the beach.
      1212-1216 W Brigantine Ave, Brigantine, NJ 08203
      View Details
    • $995,900
      950 SF

      Remodeled Beach Block Duplex

      Centrally located, remodeled duplex near Brigantine beaches and amenities.
      314 S 41St St, Brigantine, NJ 08203
      View Details
    • New
      $690,000

      Four Condos Portfolio in Brigantine

      Four tenant-occupied condos in Brigantine and Atlantic City.
      4901 Hbr Bch Blvd, Brigantine, NJ 08203
      View Details
    • $1,299,000

      Bayfront Duplex with Private Dock

      Rare bayfront duplex with dock, multiple slips, and sunset views.
      4501 Atlantic Brigantine Blvd, Brigantine, NJ 08203
      View Details
    • $2,250,000

      Brigantine Mixed-Use Investment Opportunity

      Four apartments and four commercial spaces in central business district.
      1301 W Brigantine Ave, Brigantine, NJ 08203
      View Details
    • $375,000

      Private Dock in Coastal Paradise

      Private dock on Brigantine's back bays, minutes from the Atlantic.
      25 12 St St N, Brigantine, NJ 08203
      View Details
    • $995,000

      Brigantine Duplex Near Beach

      Duplex in Brigantine, NJ, near the beach with rental income.
      314 41St St, Brigantine, NJ 08203
      View Details
    • $559,900

      Renovated Condo with Modern Features

      Newly renovated 3BR condo with updated features and low utility costs.
      3 Schooner Cv, Brigantine, NJ 08203
      View Details
    • $299,000

      Coastal Condo Near Beach

      Two-bedroom condo with resort-style amenities near the beach.
      4901 Hbr Bch Blvd, Brigantine, NJ 08203
      View Details
    • $2,000,000

      Brigantine Island Multi-Family Investment

      Prime Beachfront Location, High Occupancy
      1301 Brigantine Ave, Brigantine, NJ 08203
      View Details

    FAQs

    What type of property is this?
    Bar - Two-story bar and restaurant with liquor license and parking.
    Where is this bar located?
    The property is located at 3119 Revere Blvd Brigantine, NJ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Plenary Retail Consumption Liquor License with Broad Package Privilege included.; - **6,750 sq ft two-story building with seating for 240 patrons.**; - Ample off-street parking with 25 spaces.
    (609) 515-0530
    Request Owner's contact information
    3119 Revere Blvd Brigantine, NJ 08203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3119 Revere Blvd
    Brigantine, NJ 08203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3119 Revere Blvd Brigantine, NJ 08203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    RALPH (PAUL) BUSCO
    Real Estate License ID: 0569707
    (609) 515-0530
    Learn more
    Google sign-in failed. Please try again or use another login method.