Building Details

Year Built 1960

Buildings 2

Stories 1

Listing Agency: Somerville-Tranzon LLC

Listed By: John Dobos · License #NJ 0674597

Source: Crexi

Added: Mar 17 Changed: Oct 12 Last Checked: Oct 14 at 11:57PM

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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 Somerville-Tranzon LLC

Investment Insights

Based on property information with market context.

Located at 239 Route 206 in Byram, NJ, the Stonewood Tavern presents an opportunity to acquire the real property, a 33 Plenary Retail Consumption Liquor License, and Furniture, Fixtures, and Equipment (FF&E). The property benefits from its location on one of Sussex County's busiest thoroughfares, with high visibility and a daily traffic count of 28,000 vehicles per day. The sale includes kitchen equipment, bar fixtures, and dining furniture. The building is well-maintained and includes dedicated parking. The property's frontage on Route 206 provides access to I-80 and Northern NJ. The property size is 4,476 square feet. The location is positioned for high-volume service. The property is suitable for continuing the Stonewood concept or rebranding with a new concept.

Key Highlights

• Includes a full 33 Plenary Retail Consumption Liquor License.
• Prime location on Route 206 with high visibility and 28,000 vehicles per day.
• Sale includes Real Estate, Furniture, Fixtures, and Equipment (FF&E).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,451

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,369,020 $1.4M

Cap Rate 7%

$977,871 $977.9K

Cap Rate 9%

$760,567 $760.6K

Market Conditions

NOI Build-Up for 4,476 SF

Gross rent

$96.7K $21.60/SF

− Vacancy

−$5.4K −$1.21/SF

EGI

$91.3K $20.39/SF

− OpEx

−$22.8K −$5.10/SF

NOI

$68.5K $15.29/SF

Area

Sussex County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,369,020

Cap Rate 7%

$977,871

Cap Rate 9%

$760,567

Alternative Uses

Best Use

Specialty Retail

$977.9K

$855.6K – $1.14M (±1% cap)

NOI $68,451 @ 7.0% cap · market cap 4.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,814 @ 7.0% cap · market cap 5.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency HVAC Service Storage Facility Bakery Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

457

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Metro Self Storage Shops & Services

457 visits/mo 0.3 miles

Demographics for 07821, NJ

8,877

Population

3,779

Households

2.3

Avg Household Size

45

Median Age

53%

College-Educated

97%

High-School Grad

42.8 sq mi

ZIP Area

207

Density / Sq Mi

$145,100

Median Household Income

$65,963

Median Earnings

$1,646

Median Rent

$401,900

Median Home Value

Market

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Bar & Pub - Prime location with liquor license, equipment, and real estate.

Where is this bar & pub located?

The property is located at 239 US-206 Byram Township, 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: Includes a full 33 Plenary Retail Consumption Liquor License.; Prime location on Route 206 with high visibility and 28,000 vehicles per day.; Sale includes Real Estate, Furniture, Fixtures, and Equipment (FF&E).