Turnkey Irish Pub and
123-127 High Street N Millville, NJ 08332
For Sale
$1,600,000
Three-story property includes an operating Irish pub, commercial kitchen, and four residential rental apartments.
Property Size6,000 SF
Price / SF$266.67
Days on Market20
Property Features for 123-127 High Street N
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing Agency:
S. Kelly Real Estate LLC
(856) 332-8583
Listed By:
Jacqueline Capoferri · License #1541079
(856) 332-8583
Source:
Xome
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 3:18AM
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 S. Kelly Real Estate LLC
Investment Insights
Based on property information with market context.
This sale offers a turnkey hospitality property consisting of two adjoining addresses, 123 and 127 N. High Street, offered together as one package. The three-story building is home to The Old Oar House Irish Pub and includes the operating business along with the real estate. The pub features a main bar area with seating and multiple dining spaces, plus an all-season beer garden with an outdoor bar and additional tables.
The property includes a fully operational commercial kitchen with dedicated prep and drink station, dry storage, deep fryers, ovens, and cooktops. Additional operational support includes a separate liquor storage area, walk-in beer cooler, freezer, and owned ice machine. Beverage service is supported by 36 draft beer taps and a Micro Matic draft beer dispensing system.
The sale also includes four residential apartments, creating multiple income-producing components. Buyer is responsible for due diligence regarding business operations and liquor license transfer requirements and will be required to execute a confidentiality/non-disclosure agreement (NDA) prior to receiving additional business information.
The property includes a fully operational commercial kitchen with dedicated prep and drink station, dry storage, deep fryers, ovens, and cooktops. Additional operational support includes a separate liquor storage area, walk-in beer cooler, freezer, and owned ice machine. Beverage service is supported by 36 draft beer taps and a Micro Matic draft beer dispensing system.
The sale also includes four residential apartments, creating multiple income-producing components. Buyer is responsible for due diligence regarding business operations and liquor license transfer requirements and will be required to execute a confidentiality/non-disclosure agreement (NDA) prior to receiving additional business information.
Key Highlights
- Sale includes two adjoining properties: 123 & 127 N. High Street, offered together as one package.
- Three‑story commercial building operating as The Old Oar House Irish Pub with bar, dining areas, and all‑season beer garden.
- Beer garden features a 12‑seat outdoor bar plus 16 additional tables for year‑round outdoor dining.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $19.50 |
| − Vacancy | −$4.9k | −$0.82 |
| EGI | $112.1k | $18.68 |
| − OpEx | −$28.0k | −$4.67 |
| NOI | $84.1k | $14.01 |
6,000 SF · lease $19.50/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,065 @ 7.0% cap · market cap 5.25%
Second Best
Multifamily LT 5
$1.11M
$975.4K – $1.30M
NOI $78,029 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$9.01M
$7.88M – $10.51M
NOI $630,634 @ 7.0% cap · market cap 39.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- Mission Spirits Distillery — 215 Buck St, Millville, NJ 08332
- Bojo's Ale House — 222 N High St, Millville, NJ 08332
- Old Oar House Irish Pub — 123 N High St, Millville, NJ 08332
- Rail Road Tavern — 334 s 3rd st, millville, nj 08332
FAQs
What type of property is this?
Bar & Pub - Three-story property includes an operating Irish pub, commercial kitchen, and four residential rental apartments.
Where is this bar & pub located?
The property is located at 123-127 High Street N Millville, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Sale includes two adjoining properties: 123 & 127 N. High Street, offered together as one package.; Three‑story commercial building operating as The Old Oar House Irish Pub with bar, dining areas, and all‑season beer garden.; Beer garden features a 12‑seat outdoor bar plus 16 additional tables for year‑round outdoor dining.
