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    7 Park Ave Merchantville, NJ 08109

    Sponsored
    For Sale
    $175,000

    Turnkey BYOB Cafe in Merchantville, NJ

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This award-winning, turnkey BYOB cafe and restaurant in Merchantville, NJ, presents a unique opportunity for a new owner. Located at 7 E Park Ave, this 1,000 sq ft establishment (APN: 24-00022-00029) boasts a strong reputation, evidenced by multiple "Best of New Jersey" awards and features in major publications. The business benefits from an established customer base, a professionally designed website, and a successful social media presence, all included in the sale price of $175,000 ($175/sq ft). The property, built in 1945 and renovated in 2016, is zoned B-1 Central Business and features ample parking (40 spaces). The current lease is a Net Net (NN) single tenancy agreement with a term of 3 years, expiring December 31, 2024. The restaurant comfortably seats 30 patrons inside, with additional outdoor seating available. Its convenient location, just 10 minutes from Philadelphia and a short drive to Collingswood, Haddonfield, and PATCO stations, ensures easy access for customers and employees. All equipment is included, allowing for an immediate start. The seller is flexible and can accommodate a quick closing or extended settlement period. This is an exceptional opportunity to acquire a thriving business with a proven track record in a desirable location.

    Property Features for 7 Park Ave

    General Information

    Property type
    Investment properties
    Square Feet
    1,000 SF
    Class
    B

    Building Details

    Year Built
    1945
    Units
    1

    HighLights

    • Award‑winning, turnkey BYOB restaurant for sale in Merchantville, NJ.
    • Asking price: $175,000; 1,000 square feet; $175/sq ft.
    • Established business with loyal clientele and strong online presence.
    • Located in a prime location, 10 minutes from Philadelphia, with ample parking (40 spaces).
    • NN lease with 3 years remaining (expires 12/31/2024).
    • Building features 30 indoor seats plus outdoor seating; built in 1945, renovated in 2016; B‑1 Central Business zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Merchantville
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0484677
    Latitude
    39.9516222

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    FAQs

    What type of property is this?
    Investment property - Turnkey BYOB Cafe in Merchantville, NJ
    Where is this investment property located?
    The property is located at 7 Park Ave Merchantville, NJ.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Award-winning, turnkey BYOB restaurant for sale in Merchantville, NJ.; Asking price: $175,000; 1,000 square feet; $175/sq ft.; Established business with loyal clientele and strong online presence.
    Request Owner's contact information
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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
    7 Park Ave Merchantville, NJ 08109
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