Two-Story Bar & Restaurant
For Sale
$1,950,000
3119 Revere Blvd, Brigantine, NJ 08203
COMMERCIAL - Brigantine, NJ
Property Size6,750 SF
Price / SF$288.89
Days on Market49
Property Features for 3119 Revere Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Business District, Corner
Directions
Take Atl-Brig Blvd. to Revere Blvd. Property is on the left side.
Subdivision
Brigantine City
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13730
Listing Agency:
Soleil Sotheby's International Realty-B
(609) 264-5543
Listed By:
RALPH (PAUL) BUSCO · License #0569707
(609) 515-0530
Added: Jun 17
Changed: Jun 18
Last Checked: Aug 4 at 10:06AM
MLS# 608988
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes a two-story bar and restaurant building totaling 6,750 square feet of space, formerly operating as Cellar 32 Bar & Restaurant. The concept includes seating for 240 patrons and comes with ample off-street parking for 25 vehicles.
The property is located at 3119 Revere Blvd in Brigantine, NJ, with retail neighbors noted in the remarks, including CVS and year-round retail. The liquor license described is a Plenary Retail Consumption License with a broad package privilege.
This is a practical fit for an operator seeking to reopen a bar/restaurant concept with an accompanying liquor license. The remarks also indicate that a mixed-use approach (commercial/residential) is permitted in the zone, subject to applicable approvals. Please note the last photo referenced is a redevelopment concept rendering and may require governmental approvals, which should be confirmed by buyers or professionals. The listing also notes the option to purchase the liquor license only (no real estate) at $350K; please contact the listing agent for details related to the liquor license-only inquiries.
The property is located at 3119 Revere Blvd in Brigantine, NJ, with retail neighbors noted in the remarks, including CVS and year-round retail. The liquor license described is a Plenary Retail Consumption License with a broad package privilege.
This is a practical fit for an operator seeking to reopen a bar/restaurant concept with an accompanying liquor license. The remarks also indicate that a mixed-use approach (commercial/residential) is permitted in the zone, subject to applicable approvals. Please note the last photo referenced is a redevelopment concept rendering and may require governmental approvals, which should be confirmed by buyers or professionals. The listing also notes the option to purchase the liquor license only (no real estate) at $350K; please contact the listing agent for details related to the liquor license-only inquiries.
Key Highlights
- 2‑story former Cellar 32 bar & restaurant building with 6,750 SF of bar/restaurant space
- Liquor license: Plenary Retail Consumption License with Broad Package Privilege (liquor license only listed at $350K)
- Seating capacity for 240 patrons plus ample off‑street parking with 25 spaces
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 | $145.8k | $21.60 |
| − Vacancy | −$6.6k | −$0.97 |
| EGI | $139.2k | $20.63 |
| − OpEx | −$34.8k | −$5.16 |
| NOI | $104.4k | $15.47 |
6,750 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,429 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,956 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08203, NJ
7,725
Population
9,340
Households
0.8
Avg Household Size
56
Median Age
46%
College-Educated
93%
High-School Grad
6.6 sq mi
ZIP Area
1,170
Density / Sq Mi
$88,906
Median Household Income
$57,510
Median Earnings
$1,499
Median Rent
$485,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Cellar 32 — 3119 Revere Blvd, Brigantine, NJ 08203
- The Cove Restaurant - Bar - Package Goods — 3700 Brigantine Blvd, Brigantine, NJ 08203
- The Pub at St George — 4282 Harbor Beach Blvd, Brigantine, NJ 08203
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former bar and restaurant building with plenary retail consumption liquor license and parking for 25 vehicles.
Where is this bar & pub located?
The property is located at 3119 Revere Blvd Brigantine, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2‑story former Cellar 32 bar & restaurant building with 6,750 SF of bar/restaurant space; Liquor license: Plenary Retail Consumption License with Broad Package Privilege (liquor license only listed at $350K); Seating capacity for 240 patrons plus ample off‑street parking with 25 spaces
