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    1090 Us-22 Lebanon, NJ 08833

    Sponsored
    For Sale
    $1,523,000

    Established Bar/Restaurant with Rental Income

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity in Clinton Township, NJ, presents a thriving bar and restaurant with a liquor license, complemented by six fully occupied rental units. Situated on a substantial 3.92-acre lot (170,755.2 sq ft) at 1090 US-22, this property boasts high visibility from Route 22, ensuring maximum exposure. The main building, constructed in 1940 and extensively renovated in 2021, features approximately 2,000-6,000 square feet and includes three buildings across two stories. The property offers ample parking for approximately 100 vehicles. The current business generates a strong pro-forma NOI of $99,000, representing a 6.50% pro-forma cap rate on the $1,523,000 asking price. The C-ROM zoning allows for diverse development options, expanding the potential beyond the existing bar/restaurant and rental units. Recent upgrades include a new central AC unit (2020), furnace, and hot water heater (2021). This prime location, between Routes 78 and 22, provides easy access to major transportation arteries, enhancing its appeal to both tenants and customers. The property's APN is 1006_4.03_33. This is a 1031 exchange eligible sale. The property is currently 100% occupied.

    Property Features for 1090 Us-22

    General Information

    Property type
    Restaurants
    Square Feet
    2,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1940/2021
    Buildings
    3
    Stories
    2
    Units
    6

    HighLights

    • Thriving bar and restaurant with liquor license.
    • Six fully occupied rental units.
    • 3.92‑acre lot (170,755.2 sq ft) with high visibility from Route 22.
    • Ample parking for approximately 100 vehicles.
    • C‑ROM zoning allows for diverse development options.
    • Recent upgrades including new central AC (2020), furnace, and hot water heater (2021).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Lebanon
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8110727
    Latitude
    40.6445588

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    FAQs

    What type of property is this?
    Restaurant - Established Bar/Restaurant with Rental Income
    Where is this restaurant located?
    The property is located at 1090 Us-22 Lebanon, NJ.
    What is the asking price?
    The asking price for this property is $1,523,000.
    What are key features of this property?
    This property features: Thriving bar and restaurant with liquor license.; Six fully occupied rental units.; 3.92-acre lot (170,755.2 sq ft) with high visibility from Route 22.
    Request Owner's contact information
    1090 Us-22 Lebanon, NJ 08833
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    Lebanon, NJ 08833
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1090 Us-22 Lebanon, NJ 08833
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