Current Use by Public Records
- Commercial real estate
Property Details for 1090 Rte 22
- Year built
- 1940
- Lot size
- 3.92 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 1090 Route 22, Unit 1090 in Annandale, NJ, presents a lucrative investment opportunity. The 3.92-acre lot boasts a thriving bar and restaurant with an existing liquor license, offering immediate income potential. Adding to the revenue stream are two separate cottages and a three-room rental unit situated above the bar, providing significant passive income. The property benefits from a high-traffic, high-visibility location directly on Route 22, ensuring excellent exposure to potential customers. Ample parking is available on-site. The C-1 zoning allows for a variety of retail sales uses, expanding the potential for future development or business ventures. Recent upgrades enhance the property's value and functionality, including newly installed bathrooms in the restaurant, a central AC unit replaced in 2020, and a furnace and hot water heater replaced in approximately 2021. All existing bar equipment is included in the sale. This turnkey operation offers a rare blend of established income and significant growth potential, making it an ideal investment for discerning buyers. The property's prime location and diverse income streams make it a truly exceptional opportunity.
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
- Annandale
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.8478
- Latitude
- 40.6432
