Established Restaurant with Ice Cream
688 E Bay Avenue, Barnegat, NJ 08005
Turnkey 70-seat restaurant with ice cream parlor in high-traffic area.
Type:Commercial
Property size:
2,816 SFLot size:
0.22 AcresPrice / SF:
$257/SF- Added:
- Sep 17, 2025
- Days on Market:
- 243
- Last Refresh:
- Apr 5 at 9:07 pm
Property Features for 688 E Bay Avenue
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent PAUL METZGER
Listing office WEICHERT REALTORS-SHIP BOTTOM (609) 494-6000
Listing date Sep 17, 2025
Source Corcoran
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
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).
- Classic throwback ice cream bar with exterior walk‑up window provides supplemental income.
- Proximity to Barnegat Bay beach and public dock increases foot traffic.
- Features a 3 terminal Toast POS system, office with full bathroom, basement storage, and additional rear shed storage.
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$478.5K
NOI $43,065 @ 9.00% cap · cautious / downside scenario
Moderate
$615.2K
NOI $43,065 @ 7.00% cap · market / base-case scenario
Aggressive
$861.3K
NOI $43,065 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.8k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $57.4k | $20.39 |
| − OpEx | −$14.4k | −$5.10 |
| NOI | $43.1k | $15.29 |
2,816 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$615.2K
$538.3K – $717.8K
NOI $43,065 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$574.2K
$502.4K – $669.9K
NOI $40,194 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$735.3K
$643.4K – $857.9K
NOI $51,472 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sweet Jenny's
Restaurant
Touch Of Elegance
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Barnegat
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.2223
- Latitude
- 39.7529
Nearby Similar for Sale
FAQs
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 $725,000.
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).
