46 Thompson St Raritan, NJ 08869-1822
This exceptional retail property located at 46 Thompson Street, Raritan, New Jersey, 08869, presents a unique investment opportunity. Priced at $300,000, this two-story building houses a well-established bar, Michael's Inn, a popular local fixture for over 50 years. The business is being offered as a turnkey operation, meaning a buyer can step in and immediately begin operations. The bar itself has recently undergone a complete renovation, boasting updated equipment ready for immediate use. This is a rare chance to acquire a profitable, established business in a desirable location. It's important to note that the sale includes the business and its equipment, which are sold "as is." The building is also available for purchase, though this listing specifically focuses on the business opportunity. The property is situated in Somerset County, New Jersey, offering convenient access to local amenities and a strong customer base. This is an ideal opportunity for an experienced entrepreneur looking to acquire a thriving business with significant potential for growth. The property's prime location and the established reputation of Michael's Inn make this a truly compelling investment. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.