1090 Us-22 Lebanon, NJ 08833
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 1090 Us-22
- Year built
- 1940
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity in Clinton Township, NJ, presents a thriving bar and restaurant with a liquor license, complemented by six fully occupied rental units. Situated on a substantial 3.92-acre lot (170,755.2 sq ft) at 1090 US-22, this property boasts high visibility from Route 22, ensuring maximum exposure. The main building, constructed in 1940 and extensively renovated in 2021, features approximately 2,000-6,000 square feet and includes three buildings across two stories. The property offers ample parking for approximately 100 vehicles. The current business generates a strong pro-forma NOI of $99,000, representing a 6.50% pro-forma cap rate on the $1,523,000 asking price. The C-ROM zoning allows for diverse development options, expanding the potential beyond the existing bar/restaurant and rental units. Recent upgrades include a new central AC unit (2020), furnace, and hot water heater (2021). This prime location, between Routes 78 and 22, provides easy access to major transportation arteries, enhancing its appeal to both tenants and customers. The property's APN is 1006_4.03_33. This is a 1031 exchange eligible sale. The property is currently 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.8111
- Latitude
- 40.6446
