Property summary
This exceptional 13,000 square foot commercial property, located at 717 New Point Rd in Elizabeth City, New Jersey (zip code 07201-2861), presents a unique investment opportunity. The asking price is $1,990,000 and includes a valuable liquor license. The property, operating as Club Cubano de Elizabeth since 1978, has undergone significant renovations. A 1979 remodel was followed by a 1988 expansion that added a new kitchen, two bathrooms, two smaller private rooms, additional storage, a second-floor bar, and a partially finished basement. The roof was also repaired during this expansion. The property boasts central air conditioning units with forced air, and the kitchen equipment, ice machine, beer coolers are all in working condition. An outdoor bar and lounge area enhance the property's appeal. Ample parking is available for 20 or more cars. The sale is as-is. Access is via Division Street or Elizabeth Avenue to New Point Road. This property offers significant potential for a variety of commercial uses.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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