Property profile

112 Rt. 72 Vincentown, NJ 08088

OFF-MARKET
Multifamily properties
4,500 SF 2.38 ac lot Built 1924
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Property summary

AI-generated overview

This exceptional commercial property in Vincentown, NJ presents a rare investment opportunity. Situated on a high-profile, busy highway, the property encompasses 2.38 acres and includes three buildings, plus two additional vacant lots. The centerpiece is a well-established tavern and restaurant, operating successfully for nearly 101 years under only four owners. The 2,000 square-foot tavern retains its original log cabin charm while boasting a recently updated outdoor patio, expanding its entertainment space. A fully equipped commercial kitchen features walk-in cooler and freezer units, complemented by a new exhaust hood installed in 2021. Importantly, the liquor license is included in the sale. Supplementing the tavern's income are eight rental units, six currently occupied and two undergoing renovation. Coin-operated laundry facilities are available for tenant use. The total building square footage is 4,500 square feet. The property is being sold "as is," however, the seller is open to negotiations and concessions to expedite the sale and is also open to seller financing. Financial documentation will be required with any offer. This is a turnkey operation with significant income potential. All reasonable offers will be considered.

Property profile

Verified
Property type Multifamily properties
Year built 1924
Total area 4,500 SF
Lot 2.38 ac (103,673 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

112 Rt. 72 Vincentown, NJ 08088
Vincentown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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