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    1045 State Rte, Unit 173 Asbury, NJ 08802

    For Sale
    $2,599,000

    Fully equipped restaurant and entertainment venue with expansion potential.

    Property size:
    6,271 SF

    Property Features for 1045 State Rte

    General Information

    Standard status
    Active
    Size
    6,271 SF

    Building Details

    Year built
    1925

    Source: COLDWELL BANKER REALTY Agent NICOLE YARD

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Entertainment Venue

    This property presents an opportunity for an entrepreneur to capitalize on an established operation. The property is equipped and ready for immediate operation. It can accommodate over 250 people across multiple rooms. The property includes a comprehensive list of equipment and licenses. Seller financing is available to qualified buyers. The property offers possibilities for growth and diversification. The property size is 6271 square feet.
    Location Intelligence

    Current Use by Public Records

    Night clubs

    Map

    City
    Asbury
    County
    State
    New Jersey
    Longitude
    -75.029
    Latitude
    40.6731

    Nearby Similar for Sale

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    • $500,000

      Multi-Family Home on 2+ Acres

      Income-generating multi-family property with two units on over two acres.
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    • $2,750,000

      Restaurant/Night Club Opportunity

      Turnkey restaurant and night club with high capacity.
      10545 State Rte, Asbury, NJ 08802
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      Asbury Specialty Property for Sale

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    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant and entertainment venue with expansion potential.
    Where is this restaurant located?
    The property is located at 1045 State Rte, Unit 173 Asbury, NJ.
    What is the asking price?
    The asking price for this property is $2,599,000.
    What are key features of this property?
    This property features: - Ready to operate immediately with all equipment and licenses included.; - High-traffic location (details disclosed upon qualification).; - Seller financing available for qualified buyers.
    (908) 735-8080
    Request Owner's contact information
    1045 State Rte, Unit 173 Asbury, NJ 08802
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    Asbury, NJ 08802
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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
    1045 State Rte, Unit 173 Asbury, NJ 08802
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