Bayfront Restaurant and Boutique
224 New Jersey Avenue Fortescue, Fortescue, NJ 08321
New
Combined restaurant and four-room hotel with bayfront dining, a wraparound deck, and existing operations in place.
Property size:
4,800 SFPrice / SF:
$165/SF- Added:
- Jun 30, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 1 at 7:13 am
Property Features for 224 New Jersey Avenue Fortescue
General Information
- Standard status
- Active
- Size
- 4,800 SF
Building Details
- Year Built
- 1910
Listing office (609) 891-3848
Listing date Jun 30, 2026
Source Remaxwelcomehomenj
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 Wesley Diana
HighLights
- Charlsworth Restaurant & Hotel on a 0.24‑acre lot with bayfront water views
- Fully operational restaurant with approximately 130 seats, commercial cooks kitchen, and chef walk‑in
- Wraparound deck with bayfront dining
- Hotel portion includes four guest rooms plus a common area
- On‑site parking for 10 cars (driveway and parking lot)
- Year built 1910; central air (yes) with natural gas heating; bottled gas hot water; public water
Overview
The Charlsworth Restaurant & Hotel combines a full-service restaurant with boutique lodging in one property. The restaurant is configured for approximately 130 seats and includes a full commercial cooks kitchen with a dedicated chef walk-in. Dining is supported by bayfront views and a wraparound deck that extends the guest experience outdoors. The hotel level includes four guest rooms and a common area for guest use.
Located at 224 New Jersey Avenue in Fortescue, the property sits along the bayfront. The layout supports a single-asset hospitality operation, with the restaurant and guest accommodations sharing the same overall footprint and arrival experience.
For buyers or operators looking for a turn-key hospitality asset, this offering presents an in-place restaurant and a small guest room configuration under one roof, with bayfront-focused amenities. The listing notes that everything stays, supporting a seamless transition for the next owner. As configured, it can fit a proprietor-led operator who wants to manage both dining and lodging as part of one cohesive guest offering.
Located at 224 New Jersey Avenue in Fortescue, the property sits along the bayfront. The layout supports a single-asset hospitality operation, with the restaurant and guest accommodations sharing the same overall footprint and arrival experience.
For buyers or operators looking for a turn-key hospitality asset, this offering presents an in-place restaurant and a small guest room configuration under one roof, with bayfront-focused amenities. The listing notes that everything stays, supporting a seamless transition for the next owner. As configured, it can fit a proprietor-led operator who wants to manage both dining and lodging as part of one cohesive guest offering.
Local 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 | $93.6k | $19.50 |
| − Vacancy | −$3.9k | −$0.82 |
| EGI | $89.7k | $18.68 |
| − OpEx | −$22.4k | −$4.67 |
| NOI | $67.3k | $14.01 |
4,800 SF · lease $19.50/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$960.7K
$840.7K – $1.12M
NOI $67,252 @ 7.0% cap · market cap 8.46%
Second Best
Hotel Hospitality
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$7.21M
$6.31M – $8.41M
NOI $504,507 @ 7.0% cap · market cap 63.46%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Map
- City
- Fortescue
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.1719
- Latitude
- 39.2377
FAQs
What type of property is this?
Conventional restaurant - Combined restaurant and four-room hotel with bayfront dining, a wraparound deck, and existing operations in place.
Where is this conventional restaurant located?
The property is located at 224 New Jersey Avenue Fortescue Fortescue, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Charlsworth Restaurant & Hotel on a 0.24‑acre lot with bayfront water views; Fully operational restaurant with approximately 130 seats, commercial cooks kitchen, and chef walk‑in; Wraparound deck with bayfront dining
