Turnkey Multi-Level Restaurant with
260 Beachway Avenue # 262 Keansburg, NJ 07734
260 Beachway Avenue # 262, Keansburg, NJ, 07734
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For Sale
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Turnkey three-level restaurant with outdoor patios and liquor license, directly across from beach and amusement park.
Property Size10,000 SF
Price / SF$215
Days on Market78
Property Features for 260 Beachway Avenue # 262
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Land
Building Details
- Year Built
- 2023
Listing agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed by
KEKE WILKINS
Source
Crexi
Added: May 6 Updated: Jul 22 at 5:52AM Checked: Jul 22 at 5:52AM
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity at 260 Beachway Avenue #262 offers a fully equipped, multi-level setup designed for immediate operation. The property includes three levels plus outdoor patios, and it comes with a liquor license. Built in 2019, the space reflects more than $1M invested in fixtures and equipment, supporting a “ready to run” approach without requiring startup delays.
The restaurant is positioned directly across from the beach and amusement park, providing exposure to high seasonal foot traffic. It also sits within a growing redevelopment area that includes new residential development, supporting both local demand and summer tourism.
For flexible deal structures, the seller is offering options to purchase the building for $2M or lease the space with assets for $650K. This combination of configuration and turnkey status is well suited to an owner-operator or investor seeking a coastal, high-visibility foodservice property.
The restaurant is positioned directly across from the beach and amusement park, providing exposure to high seasonal foot traffic. It also sits within a growing redevelopment area that includes new residential development, supporting both local demand and summer tourism.
For flexible deal structures, the seller is offering options to purchase the building for $2M or lease the space with assets for $650K. This combination of configuration and turnkey status is well suited to an owner-operator or investor seeking a coastal, high-visibility foodservice property.
Key Highlights
- 2023‑built, fully equipped 10,000 SF three‑level restaurant with outdoor patios
- Located directly across from the beach and amusement park, with high seasonal foot traffic
- Liquor license included
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 | $216.0k | $21.60 |
| − Vacancy | −$12.1k | −$1.21 |
| EGI | $203.9k | $20.39 |
| − OpEx | −$51.0k | −$5.10 |
| NOI | $152.9k | $15.29 |
10,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.18M
$1.91M – $2.55M
NOI $152,928 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey three-level restaurant with outdoor patios and liquor license, directly across from beach and amusement park.
Where is this conventional restaurant located?
The property is located at 260 Beachway Avenue # 262 Keansburg, NJ.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 2023‑built, fully equipped 10,000 SF three‑level restaurant with outdoor patios; Located directly across from the beach and amusement park, with high seasonal foot traffic; Liquor license included
