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Property profile & analytics
OFF-MARKET Estimated value $1,075,000
Commercial real estate

153 Washington St Rocky Hill, NJ 08553-1034

1,492 SF 0.26 ac lot Built 1930
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-0057623
Property summary
AI-generated overview

This exceptional turnkey business opportunity encompasses a thriving, high-end restaurant and bar, "One 53 Restaurant & Bar," strategically located at 153 Washington St, Rocky Hill, NJ 08553, in Somerset County. The sale includes the established business, complete with all necessary equipment and furnishings, along with a valuable liquor license. Adding significant value to this offering is a duplex apartment, providing additional income potential or owner-occupied housing. The property is situated at 40.3996737, -74.6336147. This presents a unique chance to acquire a well-established business with immediate revenue streams and the added benefit of residential income. The asking price for this combined property is $2,990,000. A significant advantage for prospective buyers is the seller's willingness to offer financing, making this lucrative opportunity even more accessible. This package represents a rare combination of commercial and residential real estate, offering a strong return on investment and diverse income streams. The property's prime location in Rocky Hill, New Jersey, ensures high visibility and accessibility to a substantial customer base. This is an ideal acquisition for an experienced restaurateur or investor seeking a profitable and established business with significant upside potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction FRAME
Total area 1,492 SF
Lot 0.26 ac (11,286 SF)
Zoning code 2
APN 17 00008-0000-00003
UPID US59-0057623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ONE 53 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.08M
Owner & transaction history
Chacha Real Estate LLC · 4 yrs held
Chacha Real Estate LLC
since 2022
Last sale
$990,000
3 recorded transactions
2022
$990,000
2006
$650,000
2004
$600,000
Zoning & alternative use
2 · Rocky Hill, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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