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Private Club Bar Business

172 Thomas St, Newark, NJ 07114

For Sale
$155,000

C-33 licensing covers alcoholic beverage sales to members and guests in a private club setting, subject to transfer approval.

Property Size1,500 SF
Price / SF$103.33
Days on Market265

Property Features for 172 Thomas St

General Information

Standard status Active
Size 1,500 SF
Property subtype Business

Site & Location

Neighborhood South Ironbound

Additional Details

Business Included Yes
Liquor License Yes
Currently Operating Yes

Building Details

Building Size 1,500 SF
Listing Agency: WEICHERT REALTORS
Listed By: RAQUEL BERNARD
Source: Tkregroupinc
Added: Feb 18 Changed: Nov 7 Last Checked: Nov 8 at 5:17PM

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 WEICHERT REALTORS

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Investment Insights

Based on property information with market context.

The offering is a social club business, not the building. Its operation includes a bar and lounge equipped for use, along with an existing membership base. The C-33 Private Club Liquor License allows alcoholic beverage sales to members and their guests in a private club setting. The sale and license transfer require approval from the New Jersey Division of Alcoholic Beverage Control and the local municipality.

Key Highlights

  • C‑33 Private Club Liquor License for sales to members and their guests
  • Bar and lounge equipment included with the business
  • Sale and license transfer subject to state and municipal approval

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Mi Ranchito Social ... Community Center Fraga's Picking Home Decor Store

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Pet Store & Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

2,274
Businesses Nearby
143k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 46% Dining 46% Groceries 7%
McDonald's Dining
45,223 visits/mo 0.4 miles
Dollar Tree Shops & Services
18,019 visits/mo 0.2 miles
Dunkin' Donuts Dining
15,034 visits/mo 0.3 miles
Bank of America Shops & Services
10,383 visits/mo 0.2 miles
Superfresh Groceries
10,331 visits/mo 0.5 miles

Demographics for 07114, NJ

17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Bars & Pubs in Essex County, NJ

$467 Jul
$338 Aug
$364 Sep
$364 Oct

Properties on Market for Bars & Pubs in Essex County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Trophies Lounge — 128 Frontage Rd, Newark, NJ 07114
  • Hong Kong NJ — 186 Pennsylvania Ave, Newark, NJ 07114
  • Wiggles — 186 Pennsylvania Ave, Newark, NJ 07114
  • Galpao New Jersey — 57 Poinier St, Newark, NJ 07114
  • Casa dos Arcos de Valdevez — 124 Emmet St, Newark, NJ 07114

Frequently Asked Questions

What type of property is this?
Bar & Pub - C-33 licensing covers alcoholic beverage sales to members and guests in a private club setting, subject to transfer approval.
Where is this bar & pub located?
The property is located at 172 Thomas St Newark, NJ.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: C‑33 Private Club Liquor License for sales to members and their guests; Bar and lounge equipment included with the business; Sale and license transfer subject to state and municipal approval
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