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    112 Rt. 72 Vincentown, NJ 08088

    For Sale
    $1,100,000

    Thriving Tavern, 8 Rentals, 2.38 Acres

    Property size:
    4,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in Vincentown, NJ presents a rare investment opportunity. Situated on a high-profile, busy highway, the property encompasses 2.38 acres and includes three buildings, plus two additional vacant lots. The centerpiece is a well-established tavern and restaurant, operating successfully for nearly 101 years under only four owners. The 2,000 square-foot tavern retains its original log cabin charm while boasting a recently updated outdoor patio, expanding its entertainment space. A fully equipped commercial kitchen features walk-in cooler and freezer units, complemented by a new exhaust hood installed in 2021. Importantly, the liquor license is included in the sale. Supplementing the tavern's income are eight rental units, six currently occupied and two undergoing renovation. Coin-operated laundry facilities are available for tenant use. The total building square footage is 4,500 square feet. The property is being sold "as is," however, the seller is open to negotiations and concessions to expedite the sale and is also open to seller financing. Financial documentation will be required with any offer. This is a turnkey operation with significant income potential. All reasonable offers will be considered.

    Property Features for 112 Rt. 72

    General Information

    Property type
    Residential income properties
    Square Feet
    4,500 SF
    Lot Size
    103,673 SF

    Building Details

    Year Built
    1924
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Vincentown
    County
    BURLINGTON
    State
    New Jersey
    Longitude
    -74.5696
    Latitude
    39.88548

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    FAQs

    What type of property is this?
    Residential income property - Thriving Tavern, 8 Rentals, 2.38 Acres
    Where is this residential income property located?
    The property is located at 112 Rt. 72 Vincentown, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (609) 386-0066
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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
    112 Rt. 72 Vincentown, NJ 08088
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