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    Turn-Key Restaurant/Bar with Kitchen Title is generated by Realmo AI

    180 Highway 36, Hazlet, NJ 07734

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    Claim this Listing
    For Sale
    $699,999

    COMMERCIAL - Hazlet, NJ

    Type:Retail
    Property size:
    2,088 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $335/SF
    Added:
    Nov 17, 2025
    Days on Market:
    201
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 180 Highway 36

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Rooms
    Basement
    Parking
    22
    Parking features
    Parking Lot, On Street
    Security features
    Security System
    Interior features
    Refrigeration
    Exterior features
    Lighting
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Partial, Walk-Out Access
    Standard status
    Active
    APN
    18-00140-0000-00001
    Size
    2,088 SF
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10515

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1949
    Floors in Building
    1
    Flooring type
    Vinyl, Concrete
    Building materials
    Stone
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michael Fabozzi

    Listing agent Michael Fabozzi License #1648315

    Listing office C21 Thomson & Co. 254 Highway 35, Red Bank, NJ

    Listing date Nov 17, 2025

    MLS# 22534653

    Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key profitable restaurant/bar in a prime highway location.
    • Major renovation completed in 2017; well‑maintained building.
    • Full commercial kitchen with NEW grease trap.
    • Large basement with walk‑out access, walk‑in refrigerator, and office.
    • Newer pavement in parking lot and 2‑zone heating system.
    • Multiple allowable uses: Office, Child Care, Bank, Retail, Health and Fitness & MORE.

    Overview

    This turn-key restaurant and bar opportunity is housed in a well-maintained building with a major renovation completed in 2017. The property includes a full commercial kitchen, with a newer grease trap, and a large basement featuring walk-out access to the backyard. The basement also provides a walk-in refrigerator, utilities, storage, and an office. Additional building systems include a newer two-zone heating setup. On-site parking is supported by 22 parking spaces, along with a garbage/recycle pad, and the parking lot includes newer pavement.

    The property is located on Highway 36 in Hazlet, New Jersey. The site is set on an approximately 0.55-acre lot and offers straightforward customer and service access through the on-site parking area. A walk-out basement arrangement adds practical flexibility for storage, back-of-house operations, or occasional off-street movement to the backyard.

    From an operator or buyer perspective, the existing build-out supports food service with the included commercial kitchen and grease trap infrastructure. The space also lists other allowable uses, including office, child care, bank, retail, and health and fitness, which may support tenant diversification depending on approval and compliance requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Delilah's Den Of Hazlet — 417 S Laurel Ave, Keansburg, NJ 07734
    • Nic’s Hometown Tavern — 180 NJ-36, Hazlet, NJ 07730
    • The Restobar at Nappys — 304 Main St, Keansburg, NJ 07734
    • Pirouzi Hookah Lounge — 310 Main St, Keansburg, NJ 07734
    • Ancient Order of Hibernians div 2 — 12 NJ-36, Middletown Township, NJ 07748

    Location Insight

    • Map
    • Local Demand
    City
    Hazlet
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.138532
    Latitude
    40.436389

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    FAQs

    What type of property is this?
    Bar & Pub - Well-maintained restaurant and bar with a full commercial kitchen, 2017 renovation, and 22 on-site parking spaces.
    Where is this bar & pub located?
    The property is located at 180 Highway 36 Hazlet, NJ.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: Turn‑key profitable restaurant/bar in a prime highway location.; Major renovation completed in 2017; well‑maintained building.; Full commercial kitchen with NEW grease trap.
    (732) 945-7035
    We can help!
    Listing Contact
    Michael Fabozzi
    Real Estate License ID: 1648315
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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