Turnkey Bar and Residential
299 Smith St Perth Amboy, NJ 08861
For Sale
$995,000
Sale includes a well-established bar business, liquor license #33, and a spacious 4-bedroom apartment.
Property Size3,304 SF
Price / SF$301.15
Days on Market31
Property Features for 299 Smith St
General Information
Standard status
Active
Size
3,304 SF
Listing Agency:
PETRA BEST REALTY LLC
(732) 442-1400
Listed By:
ENRIQUE HERNANDEZ
Source:
Exprealty
Added: Jun 29
Changed: Jul 28
Last Checked: Jul 29 at 5:28PM
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 PETRA BEST REALTY LLC
Investment Insights
Based on property information with market context.
This turnkey offering combines commercial real estate and an established bar business, La Vega Bar, with a long track record and a loyal customer base. The sale includes liquor license #33 and a spacious 4-bedroom apartment, providing flexibility for owner occupancy or additional rental income.
The property is located at 299 Smith St in Perth Amboy, NJ, and is being offered as a single package sale with the business and real estate included.
In addition to the bar, the included residential component is a 4-bedroom apartment, which can support either live-in use or income generation alongside the operating business.
The property is located at 299 Smith St in Perth Amboy, NJ, and is being offered as a single package sale with the business and real estate included.
In addition to the bar, the included residential component is a 4-bedroom apartment, which can support either live-in use or income generation alongside the operating business.
Key Highlights
- Sale includes a well‑established La Vega Bar business with a loyal customer base
- Includes liquor license #33
- Commercial real estate included in the sale
Financial Insights For Apartment 5plus
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 | $99.1k | $30.00 |
| − Vacancy | −$6.7k | −$2.04 |
| EGI | $92.4k | $27.96 |
| − OpEx | −$41.6k | −$12.58 |
| NOI | $50.8k | $15.38 |
3,304 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$725.8K
$635.1K – $846.8K
NOI $50,809 @ 7.0% cap · market cap 5.11%
Second Best
Specialty Retail
$721.8K
$631.6K – $842.1K
NOI $50,527 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$862.7K
$754.9K – $1.01M
NOI $60,392 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- La Playita Sports Bar — 96-98 2nd St, Perth Amboy, NJ 08861
- La Vega Bar — 299 Smith St, Perth Amboy, NJ 08861
- New Rainbow Bar & Liquor — Perth Amboy, NJ 08861
- Jass Restaurant & Lounge — 270 Madison Ave, Perth Amboy, NJ 08861
- Cacheo Sport Bar — Davidson St, Perth Amboy, NJ 08861
Frequently Asked Questions
What type of property is this?
Bar & Pub - Sale includes a well-established bar business, liquor license #33, and a spacious 4-bedroom apartment.
Where is this bar & pub located?
The property is located at 299 Smith St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Sale includes a well‑established La Vega Bar business with a loyal customer base; Includes liquor license #33; Commercial real estate included in the sale
