Lakefront Restaurant with Boat
470 River Styx Road Hopatcong, NJ 07843
470 River Styx Road, Hopatcong, NJ, 07843
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For Sale
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Lakefront pub with waterfront decks, indoor dining and party space, plus 13 boat slips and 75+ parking spaces.
Property Size5,800 SF
Price / SF$326.72
Days on Market93
Property Features for 470 River Styx Road
General Information
- Standard status
- Active
- Size
- 5,800 SF
- Property subtype
- Retail
Listing agency
Donovan Realty & Development, Inc.
Listed by
Tom Donovan · License #0793018
Source
Crexi
Added: Apr 22 Updated: Jul 22 at 9:45PM Checked: Jul 22 at 9:45PM
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 Donovan Realty & Development, Inc.
Investment Insights
Based on property information with market context.
Patrick's Pub is a lakefront restaurant property on two parcels with 150+/- feet of frontage. The main building offers 2,900+/- sf on the main floor with dining, a large bar, kitchen, bathrooms, and a waterfront deck. A 2,900+/- sf lower level includes a party room, bar, office, storage, and an additional waterfront deck. Seating and capacity are listed at 280+/-.
The property includes 75+/- parking spaces across two lots. It also has 13 new boat slips for dock-and-dine use or seasonal rentals. The restaurant has undergone significant improvements, including a $300,000 renovation, and is described as having a functional kitchen for increased volume. Chef/Manager and many of the staff will remain.
Additional highlights include a West Orange “C” liquor license and a newer septic system. Seller financing is available with 40% down, and liquor licenses are separately available as noted for West Orange “C” consumption.
The property includes 75+/- parking spaces across two lots. It also has 13 new boat slips for dock-and-dine use or seasonal rentals. The restaurant has undergone significant improvements, including a $300,000 renovation, and is described as having a functional kitchen for increased volume. Chef/Manager and many of the staff will remain.
Additional highlights include a West Orange “C” liquor license and a newer septic system. Seller financing is available with 40% down, and liquor licenses are separately available as noted for West Orange “C” consumption.
Key Highlights
- Lakefront restaurant property on New Jersey’s largest popular lake with 150+/- ft of frontage across 2 parcels totaling over 1 acre
- Restaurant building includes 2,900+/- SF main floor with dining, large bar, kitchen, bathrooms, and a waterfront deck
- Lower level adds 2,900+/- SF with party room, bar, office, storage, and a second waterfront deck
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 | $125.3k | $21.60 |
| − Vacancy | −$7.0k | −$1.21 |
| EGI | $118.3k | $20.39 |
| − OpEx | −$29.6k | −$5.10 |
| NOI | $88.7k | $15.29 |
5,800 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,698 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,015 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Patrick's Pub
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Lakefront pub with waterfront decks, indoor dining and party space, plus 13 boat slips and 75+ parking spaces.
Where is this conventional restaurant located?
The property is located at 470 River Styx Road Hopatcong, NJ.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Lakefront restaurant property on New Jersey’s largest popular lake with 150+/- ft of frontage across 2 parcels totaling over 1 acre; Restaurant building includes 2,900+/- SF main floor with dining, large bar, kitchen, bathrooms, and a waterfront deck; Lower level adds 2,900+/- SF with party room, bar, office, storage, and a second waterfront deck
