Neighborhood Bar & Grill with Liquor
For Sale
$450,000
34 Riverview Ave, Paulsboro, NJ 08066
Former bar and grill property is offered as-is with a liquor license included in the sale.
Property Size1,670 SF
Price / SF$269.46
Days on Market78
Property Features for 34 Riverview Ave
General Information
Standard status
Active
Size
1,670 SF
Additional Details
Liquor License
Yes
Building Details
Year Built
1944
Listing Agency:
HomeSmart First Advantage Realty
Listed By:
Martin L Dunlap Jr.
(732) 259-2950
Source:
Soldbypattie
Added: Jul 21
Changed: Sep 14
Last Checked: Oct 5 at 8:22PM
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 HomeSmart First Advantage Realty
Investment Insights
Based on property information with market context.
This for-sale hospitality property was previously operated as a neighborhood bar & grill and is currently closed. The sale includes both the real estate and a liquor license. The existing layout and infrastructure provide an established foundation for concepts such as a bar, restaurant, tavern, lounge, or entertainment venue, subject to buyer confirmation of permitted uses.
The property is located at 34 Riverview Ave in Paulsboro, NJ, in Gloucester County, and is described as highly visible with established local presence and accessibility.
The property is being sold as-is. Buyer to complete all due diligence regarding zoning and intended use, and to confirm any operational requirements related to the liquor license.
The property is located at 34 Riverview Ave in Paulsboro, NJ, in Gloucester County, and is described as highly visible with established local presence and accessibility.
The property is being sold as-is. Buyer to complete all due diligence regarding zoning and intended use, and to confirm any operational requirements related to the liquor license.
Key Highlights
- Former neighborhood bar & grill property (Kelus Riverside Bar & Grill) in Paulsboro, NJ, being sold as‑is
- Liquor license included in the sale
- Commercial property with existing bar/restaurant‑style layout and infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,395
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,900
$427.9K
Cap Rate 7%
$305,643
$305.6K
Cap Rate 9%
$237,722
$237.7K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$30.1K $18.00/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$28.5K $17.08/SF
− OpEx
−$7.1K −$4.27/SF
NOI
$21.4K $12.81/SF
Area
Gloucester County, NJ
Vacancy
5.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,900
Cap Rate 7%
$305,643
Cap Rate 9%
$237,722
Alternative Uses
Best Use
Specialty Retail
$305.6K
$267.4K – $356.6K
NOI $21,395 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$561.4K
$491.2K – $654.9K
NOI $39,295 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08066, NJ
8,414
Population
3,605
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,237
Density / Sq Mi
$62,412
Median Household Income
$35,684
Median Earnings
$1,092
Median Rent
$166,600
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
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Similar Off Market Nearby
- Geisler's Liquor Store — 495 crown point rd, thorofare, nj 08086
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former bar and grill property is offered as-is with a liquor license included in the sale.
Where is this bar & pub located?
The property is located at 34 Riverview Ave Paulsboro, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Former neighborhood bar & grill property (Kelus Riverside Bar & Grill) in Paulsboro, NJ, being sold as‑is; Liquor license included in the sale; Commercial property with existing bar/restaurant‑style layout and infrastructure
