59 St Mihiel Dr, Riverside, NJ 08075
This exceptional opportunity presents a well-established restaurant and building located at 59 St Mihiel Dr, Riverside, NJ 08075, in Burlington County. The property, built in 1987, boasts a substantial 3,400 square feet of net rentable space situated on a half-acre lot. Currently operating as a single-unit restaurant, it offers significant value-add potential. The business has a loyal customer base, built over many years under the same ownership. However, the current operational schedule limits the business to only 10 months of the year, presenting a clear path to increased revenue and profitability. The property is zoned for commercial use and features a single-story building. The asking price is $1,000,000. The sale includes the building and the established business. Note that there is no liquor license included in the sale. The property is available for occupancy on November 1st, 2024. This is a rare chance to acquire a turnkey restaurant operation with substantial upside in a desirable location. The existing infrastructure provides a solid foundation for a new owner to expand operations and capitalize on the existing loyal customer base. This is an ideal investment for an experienced restaurateur looking to expand their portfolio or a savvy investor seeking a value-add opportunity in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.