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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1 Central Ave Minotola, NJ 08341

3,200 SF 0.32 ac lot Built 1997
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1997
Total area 3,200 SF
Lot 0.32 ac (13,939 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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