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    522 Southern Blvd Chatham Township, NJ 07928

    Sponsored
    For Sale
    $425,000

    Prime Retail Space, Liquor License Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional opportunity presents a rare chance to acquire a thriving retail space in desirable Chatham Township, New Jersey, coupled with a valuable plenary retail ("33") consumption liquor license. Located at 522 Southern Blvd, 07928, this property is priced to sell at $425,000. The license itself is a significant asset, permitting the sale of alcoholic beverages for on-premises consumption by the glass or in open containers, and also allowing off-premises sales in original packaging. This versatile setup offers a wide range of potential uses for a savvy investor or owner-user. The property is classified as retail, specifically a restaurant, making it ideal for a variety of food and beverage establishments. There are no rent bumps associated with this property, providing predictable and stable operating costs. The property's prime location in Morris County, New Jersey, ensures high visibility and accessibility to a substantial customer base. This is a turnkey opportunity for an entrepreneur looking to establish or expand their business in a thriving market. The combination of a prime location and a highly sought-after liquor license makes this a truly unique and compelling investment. Don't miss this chance to own a piece of Chatham Township's vibrant commercial landscape. Serious inquiries only.

    Property Features for 522 Southern Blvd

    General Information

    Property type
    Restaurants

    HighLights

    • Thriving retail space with plenary retail liquor license (#33) in desirable Chatham Township, NJ.
    • Located at 522 Southern Blvd, 07928, priced at $425,000.
    • Liquor license permits on- and off‑premises alcohol sales.
    • Prime Morris County location offers high visibility and accessibility.
    • Turnkey opportunity for food and beverage establishment; no rent bumps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chatham Township
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4298182
    Latitude
    40.7451852

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, Liquor License Included
    Where is this restaurant located?
    The property is located at 522 Southern Blvd Chatham Township, NJ.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Thriving retail space with plenary retail liquor license (#33) in desirable Chatham Township, NJ.; Located at 522 Southern Blvd, 07928, priced at $425,000.; Liquor license permits on- and off-premises alcohol sales.
    Request Owner's contact information
    522 Southern Blvd Chatham Township, NJ 07928
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    Chatham Township, NJ 07928
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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
    522 Southern Blvd Chatham Township, NJ 07928
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