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Property profile & analytics
OFF-MARKET
Commercial real estate

500 White Horse Pike Pomona, NJ 08215

Built 1950
Property ID
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity in Pomona, NJ, presents a rare chance to acquire a thriving business with significant upside. Located at 500 W White Horse Pike, this Galloway landmark boasts high visibility and ample parking, ensuring convenient access for patrons. The property features two floors of meticulously maintained dining and entertainment space, comfortably accommodating approximately 100 guests. The first floor includes a welcoming dining area, a fully equipped bar, two restrooms, and a state-of-the-art kitchen designed to inspire culinary excellence. Upstairs, a spacious second-floor dining room offers additional seating, ideal for private events or expanding capacity. This level also includes a second bar, two more restrooms, a dedicated prep area, and ample storage. Recent upgrades include a new roof, furnace, air conditioning system, point-of-sale (POS) system, grease trap, and a brand-new dual-force sewer system, minimizing maintenance concerns and maximizing operational efficiency. The included liquor license streamlines the transition for a new owner, allowing for immediate operation and revenue generation. This is a truly exceptional opportunity for a seasoned restaurateur or ambitious entrepreneur seeking a well-established, profitable business in a prime location. The property is easily accessible and features a lockbox for convenient showings. Priced at $1,300,000.

Property profile
Verified
Property type Commercial real estate
Year built 1950
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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