7 Park Ave Merchantville, NJ 08109

Property Details for 7 Park Ave

Construction

CONCRETE BLOCKS

Lot size

0.10 lot acres

Property type

Commercial real estate

APN

24 00022-0000-00029

APU

2400022000000029

Description

This award-winning, turnkey BYOB cafe and restaurant in Merchantville, NJ, presents a unique opportunity for a new owner. Located at 7 E Park Ave, this 1,000 sq ft establishment (APN: 24-00022-00029) boasts a strong reputation, evidenced by multiple "Best of New Jersey" awards and features in major publications. The business benefits from an established customer base, a professionally designed website, and a successful social media presence, all included in the sale price of $175,000 ($175/sq ft). The property, built in 1945 and renovated in 2016, is zoned B-1 Central Business and features ample parking (40 spaces). The current lease is a Net Net (NN) single tenancy agreement with a term of 3 years, expiring December 31, 2024. The restaurant comfortably seats 30 patrons inside, with additional outdoor seating available. Its convenient location, just 10 minutes from Philadelphia and a short drive to Collingswood, Haddonfield, and PATCO stations, ensures easy access for customers and employees. All equipment is included, allowing for an immediate start. The seller is flexible and can accommodate a quick closing or extended settlement period. This is an exceptional opportunity to acquire a thriving business with a proven track record in a desirable location.

Location Insight

City

Merchantville

County

Camden

State

New Jersey

Longitude

-75.0493

Latitude

39.9512

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments