Building Details

Year Built 1920

Listing Agency: Weichert Realtors-Ship Bottom

Listed By: Paul Metzger Show Phone

Source: Actionplusrealty

Added: Mar 9 Changed: Oct 6 Last Checked: Oct 5 at 8:29PM

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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 Weichert Realtors-Ship Bottom

Investment Insights

Based on property information with market context.

This is a well-established 70-seat restaurant known for its classic charm and inviting atmosphere. The restaurant serves breakfast, lunch, and dinner and includes an ice cream parlor. Located in a high-traffic area, this dining destination blends old-world character with modern comfort. The interior features a warm, timeless design with an open feel, vintage woodwork, and curated decor, creating a welcoming ambiance. The fully equipped kitchen and well-maintained facilities offer a turnkey opportunity for restaurateurs to continue a successful legacy or introduce a fresh concept. The property benefits from steady foot traffic, a strong repeat customer base, and proximity to the Barnegat bay beach and public dock. Additional features include sidewalk and exterior seating, an exterior fixed refrigeration trailer, additional rear shed storage, an expansive high-volume kitchen, a 3 terminal Toast POS system, and all equipment and small wares. There is a classic throwback ice cream bar with an exterior walk-up window, an office with a full bathroom off the back of the building, basement storage, and 2 customer bathrooms. The sale includes the building, real estate, and business. There is also an option for the sale of the business only, with the seller retaining the building and negotiating lease terms. The property size is 2816 square feet.

Key Highlights

• Established 70‑seat restaurant with a strong repeat customer base in a high‑traffic location.
• Turnkey operation: fully equipped kitchen, all equipment and small wares included.
• Includes real estate and business in the sale (option for business‑only sale with negotiated lease terms).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,065

Cap Rate

6.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$861,300 $861.3K

Cap Rate 7%

$615,214 $615.2K

Cap Rate 9%

$478,500 $478.5K

Market Conditions

NOI Build-Up for 2,816 SF

Gross rent

$60.8K $21.60/SF

− Vacancy

−$3.4K −$1.21/SF

EGI

$57.4K $20.39/SF

− OpEx

−$14.4K −$5.10/SF

NOI

$43.1K $15.29/SF

Area

Ocean 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%

$861,300

Cap Rate 7%

$615,214

Cap Rate 9%

$478,500

Alternative Uses

Best Use

Specialty Retail

$615.2K

$538.3K – $717.8K (±1% cap)

NOI $43,065 @ 7.0% cap · market cap 6.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$735.3K

$643.4K – $857.9K (±1% cap)

NOI $51,472 @ 7.0% cap · market cap 7.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Sweet Jenny's Restaurant Touch Of Elegance Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

233

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 08005, NJ

25,814

Population

11,671

Households

2.2

Avg Household Size

49

Median Age

34%

College-Educated

94%

High-School Grad

53.5 sq mi

ZIP Area

483

Density / Sq Mi

$92,548

Median Household Income

$47,209

Median Earnings

$1,949

Median Rent

$356,200

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

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What type of property is this? Where is this conventional restaurants 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?

Conventional restaurant - Turnkey 70-seat restaurant with ice cream parlor in high-traffic area.

Where is this conventional restaurant located?

The property is located at 688 E Bay Avenue Barnegat, NJ.

What is the asking price?

The asking price for this property is $674,900.

What are key features of this property?

This property features: Established 70‑seat restaurant with a strong repeat customer base in a high‑traffic location.; Turnkey operation: **fully equipped kitchen, all equipment and small wares included.**; Includes real estate and business in the sale (option for business‑only sale with negotiated lease terms).