Current Use by Public Records
- Commercial real estate
Property Details for 511 Rte 173
- Year built
- 1925
- Lot size
- 0.66 lot acres
- Property type
- Commercial real estate
Description
This exceptional Stewartsville, NJ property, located at 511 Route 173, presents a unique investment opportunity. Boasting a rich history dating back to 1925, this 5,500 square foot establishment has been continuously operated for nearly a century, with over 90% recurring business. The property sits on a 0.66-acre lot and includes a main dining area, a banquet room, and a unique, currently underutilized, 45-seat ratskeller in the basement. Significant renovations have been undertaken from the 1990s to the present, including a new septic system. The property is classified as Class C and holds a valuable 33 liquor license, permitting both on-premise alcohol service and package goods sales. With a capacity of approximately 200 people, this versatile space offers significant potential for growth and expansion. The long-standing history and loyal customer base provide a solid foundation for a new owner to build upon. The asking price is $1,150,000. This is a rare chance to acquire a well-established, profitable business with substantial upside potential in a desirable location.
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
- Stewartsville
- County
- Warren
- State
- New Jersey
- Longitude
- -75.0956
- Latitude
- 40.6566
