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    555 Penn St Perth Amboy, NJ 08861

    Sponsored
    For Sale
    $579,900

    Thriving Restaurant, Full Liquor License, 200-Guest Capacity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Discover a remarkable investment opportunity: a fully operational restaurant located at 555 Penn Street, Perth Amboy, New Jersey, 08861. This exceptional property is priced at $579,900 and boasts a spacious layout capable of comfortably seating up to 200 guests, ideal for a wide range of events, from intimate dinners to large-scale celebrations. The property includes a valuable full liquor license, allowing for a diverse and profitable beverage program. The restaurant's ambiance is enhanced by a sophisticated, state-of-the-art sound system, ensuring a perfect atmosphere for any occasion. Security is a top priority, with a comprehensive security camera system installed for peace of mind. This single-story building presents a turnkey operation in a vibrant location. The property is classified as Special Purpose and is currently not yielding a cap rate. This is a rare chance to acquire an established and successful restaurant business in a desirable New Jersey market. Serious inquiries only.

    Property Features for 555 Penn St

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    9999
    Stories
    1

    HighLights

    • $579,900 asking price.
    • Special Purpose property.
    • Located at 555 Penn Street, Perth Amboy, NJ 08861.
    • One‑story building.
    • Existing restaurant with capacity for 200 guests and a full liquor license.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jennifer Lounge Restaurant Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2712714
    Latitude
    40.5185866

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    FAQs

    What type of property is this?
    Specialty property - Thriving Restaurant, Full Liquor License, 200-Guest Capacity
    Where is this specialty property located?
    The property is located at 555 Penn St Perth Amboy, NJ.
    What is the asking price?
    The asking price for this property is $579,900.
    What are key features of this property?
    This property features: $579,900 asking price.; Special Purpose property.; Located at 555 Penn Street, Perth Amboy, NJ 08861.
    Request Owner's contact information
    555 Penn St Perth Amboy, NJ 08861
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    Perth Amboy, NJ 08861
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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
    555 Penn St Perth Amboy, NJ 08861
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