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    1 Central Ave Minotola, NJ 08341

    For Sale
    $875,000

    Established Restaurant, High Traffic Area, Lease Options

    Property size:
    3,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This thriving restaurant in Minotola, NJ, presents a unique investment opportunity. Located on a highly visible corner of S Central Avenue, a main thoroughfare leading to Route 40, this 3,200 square foot establishment boasts ample parking. The property sits on a 0.32-acre lot and offers seating for over 100 patrons, with potential for expansion. Completely renovated four years ago, the building features a brand-new HVAC system, roof, floors, walls, electrical, and plumbing systems, along with all new equipment. No expense was spared during the extensive remodel and reconstruction. Currently operating six days a week from 7 am to 4 pm, the restaurant's hours were previously extended to 9 pm, seven days a week. The current owner reduced hours due to staffing limitations. The business includes pizza offerings, currently suspended, which represent a significant opportunity for increased revenue. Further growth potential is anticipated with the upcoming development of a 55+ community in Minotola. A lease or lease-purchase option is available for a qualified operator. This turnkey operation offers substantial income generation and significant upside potential. The asking price is $875,000.

    Property Features for 1 Central Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,200 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1997
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Minotola
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.9478
    Latitude
    39.52647

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    FAQs

    What type of property is this?
    Retail property - Established Restaurant, High Traffic Area, Lease Options
    Where is this retail property located?
    The property is located at 1 Central Ave Minotola, NJ.
    What is the asking price?
    The asking price for this property is $875,000.
    (856) 582-0366
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    1 Central Ave Minotola, NJ 08341
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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
    1 Central Ave Minotola, NJ 08341
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