Bar and Restaurant with
For Sale
$2,199,000
116 Sumner Avenue, Seaside Heights, NJ 08751
Two levels of dining space and outdoor decks support beverage service, lunch, dinner, private events, and catering.
Property Size5,790 SF
Price / SF$379.79
Days on Market9
Property Features for 116 Sumner Avenue
General Information
Standard status
Active
Size
5,790 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
multi-level outside decks
Building Details
Stories
2
Listing Agency:
Seaside Heights Realty Inc.
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Source:
Actionplusrealty
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 20 at 11:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seaside Heights Realty Inc.
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Investment Insights
Based on property information with market context.
This 5,790-square-foot bar and restaurant in Seaside Heights is arranged across two levels and includes multilevel outdoor decks. The current operation serves beverages, lunch, and dinner, with the property also used for private parties and catering. A Consumption (C) liquor license is included.
The property sits in the Seaside Business District, one block from the boardwalk and beaches. New residential units are being developed nearby.
The property sits in the Seaside Business District, one block from the boardwalk and beaches. New residential units are being developed nearby.
Key Highlights
- 5,790‑square‑foot restaurant and bar
- Two levels with multilevel outdoor decks
- Consumption (C) liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,545
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,900
$1.8M
Cap Rate 7%
$1,264,929
$1.3M
Cap Rate 9%
$983,833
$983.8K
Market Conditions
NOI Build-Up for 5,790 SF
Gross rent
$125.1K $21.60/SF
− Vacancy
−$7.0K −$1.21/SF
EGI
$118.1K $20.39/SF
− OpEx
−$29.5K −$5.10/SF
NOI
$88.5K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,900
Cap Rate 7%
$1,264,929
Cap Rate 9%
$983,833
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.11M – $1.48M
NOI $88,545 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,832 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
7-Eleven
Shops & Services
2,117 visits/mo
0.2 miles
Three Brothers Pizza
Dining
530 visits/mo
0.3 miles
Marathon
Shops & Services
263 visits/mo
0.3 miles
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Pier at Seaside — 2 Ocean Terrace, Seaside Heights, NJ 08751
- Sawmill Beach Bar — 1800 boardwalk, seaside park, nj 08752
- Sand Bar Seaside Park — 1807 Boardwalk #5, Seaside Park, NJ 08752
- Barrel Brothers Wine & Spirits — 13 Boulevard, Seaside Heights, NJ 08751
- Bamboo Bar — 201 Boulevard, Seaside Heights, NJ 08751
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two levels of dining space and outdoor decks support beverage service, lunch, dinner, private events, and catering.
Where is this bar & pub located?
The property is located at 116 Sumner Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 5,790‑square‑foot restaurant and bar; Two levels with multilevel outdoor decks; Consumption (C) liquor license included
