Current Use by Public Records
- Retail properties & Spaces
Property Details for 1 Central Ave
- Year built
- 1997
- Lot size
- 0.32 lot acres
- Property type
- Retail properties & Spaces
Description
This thriving restaurant in Minotola, NJ, presents a unique investment opportunity. Located on a highly visible corner of S Central Avenue, a main thoroughfare leading to Route 40, this 3,200 square foot establishment boasts ample parking. The property sits on a 0.32-acre lot and offers seating for over 100 patrons, with potential for expansion. Completely renovated four years ago, the building features a brand-new HVAC system, roof, floors, walls, electrical, and plumbing systems, along with all new equipment. No expense was spared during the extensive remodel and reconstruction. Currently operating six days a week from 7 am to 4 pm, the restaurant's hours were previously extended to 9 pm, seven days a week. The current owner reduced hours due to staffing limitations. The business includes pizza offerings, currently suspended, which represent a significant opportunity for increased revenue. Further growth potential is anticipated with the upcoming development of a 55+ community in Minotola. A lease or lease-purchase option is available for a qualified operator. This turnkey operation offers substantial income generation and significant upside potential. The asking price is $875,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minotola
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.9478
- Latitude
- 39.5265
