Building Details

Year Built 2000

Stories 2

Listing Agency: BORAIE REALTY, LLC

Listed By: IVAN GUTIERREZ Show Phone

Source: Crexi

Added: Nov 15, 2024 Changed: Sep 21 Last Checked: Oct 5 at 7:03PM

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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 BORAIE REALTY, LLC

Investment Insights

Based on property information with market context.

This property features a two-story building, land, and a liquor license. It includes all restaurant and bar equipment. Additionally, the property has two apartments that are currently rented. The property is suitable for commercial real estate, including bars and pubs, restaurants, apartment buildings, multifamily properties, and residential income properties.

Key Highlights

• Includes all restaurant and bar equipment.
• Comes with land and a liquor license.
• Features a 2‑story building.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,015

Cap Rate

3.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,540,300 $1.5M

Cap Rate 7%

$1,100,214 $1.1M

Cap Rate 9%

$855,722 $855.7K

Market Conditions

NOI Build-Up for 5,036 SF

Gross rent

$108.8K $21.60/SF

− Vacancy

−$6.1K −$1.21/SF

EGI

$102.7K $20.39/SF

− OpEx

−$25.7K −$5.10/SF

NOI

$77.0K $15.29/SF

Area

Middlesex 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%

$1,540,300

Cap Rate 7%

$1,100,214

Cap Rate 9%

$855,722

Alternative Uses

Best Use

Specialty Retail

$1.10M

$962.7K – $1.28M (±1% cap)

NOI $77,015 @ 7.0% cap · market cap 3.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $92,050 @ 7.0% cap · market cap 4.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Bars & Pubs

Location Intelligence

Trade Area within ½ mile

248

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 08831, NJ

55,123

Population

24,898

Households

2.2

Avg Household Size

53

Median Age

51%

College-Educated

95%

High-School Grad

51.3 sq mi

ZIP Area

1,075

Density / Sq Mi

$108,741

Median Household Income

$74,340

Median Earnings

$1,872

Median Rent

$489,700

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 - Two-story building with restaurant, bar, apartments, and liquor license.

Where is this bar & pub located?

The property is located at 299 SPOTSWD-ENGTWN RD Road Monroe Twp, NJ.

What is the asking price?

The asking price for this property is $2,175,000.

What are key features of this property?

This property features: Includes all restaurant and bar equipment.; Comes with land and a liquor license.; Features a **2‑story building**.