Undisclosed Monmouth County, NJ 00000
- Wedding venues
- 16,000 SF
Current Use by Public Records
- Wedding venues
Property Details for 0 Undisclosed
- Property size
- 16,000 SF
- Property type
- Wedding venues
- Property subtype
- Retail properties
Description
Exceptional investment opportunity in Monmouth County, New Jersey, presents a thriving banquet hall and restaurant complex. This turnkey operation encompasses two buildings, each approximately 8,000-9,000 square feet, situated on over three acres of land. The property boasts a combined total of 16,000-18,000 square feet and includes over 100 parking spaces, ensuring ample accommodation for patrons. Building A generates a monthly rental income exceeding $16,000, while Building B houses the successful banquet hall. The banquet hall itself features a versatile layout, including a formal dining room, a spacious ballroom perfect for large events, an upstairs party room ideal for smaller gatherings, and an expansive outdoor area capable of hosting 80-100 guests. The sale includes a valuable liquor license, adding significant value to this already impressive offering. The property is currently 100% occupied with a multi-tenant lease structure, with two tenants and a remaining lease term of two years. The asking price for this exceptional property is $8,000,000. This is a gross lease. The sale includes both the real estate and the established businesses. Serious inquiries only. Further details are available upon execution of a non-disclosure agreement and submission of proof of funds or pre-approval.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monmouth County
- County
- Monmouth
- State
- New Jersey
