112 Rt. 72 Vincentown, NJ 08088
- Multifamily properties
- 4,500 SF
- 2.38 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 112 Rt. 72
- Year built
- 1924
- Lot size
- 2.38 lot acres
- Property size
- 4,500 SF
- Property type
- Multifamily properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vincentown
- County
- BURLINGTON
- State
- New Jersey
- Longitude
- -74.5696
- Latitude
- 39.8855
