470 Us Hwy 206 Branchville, NJ 07826-6034
- Turn key restaurants
- 1.78 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 470 Us Hwy 206
- Year built
- 1920
- Lot size
- 1.78 lot acres
- Zone code
- CED1
- Property type
- Turn key restaurants
- APN
- 05 00160-0000-00008
- APU
- 500160000000008
Description
This exceptional 4,000 square foot restaurant, situated on 1.8 acres of prime lakefront property in Branchville, NJ, presents a unique investment opportunity. Located on US Highway 206, a high-traffic route with over 15,500 cars passing daily, this established business boasts significant visibility and consistent patronage. The property includes a fully equipped commercial kitchen featuring a walk-in freezer and ample lower-level storage with convenient ground-level bay door access. The restaurant comfortably seats over 120 guests indoors, with additional outdoor seating. A dedicated banquet room and bar cater to larger events. A valuable liquor license is included, permitting both indoor and outdoor service. The picturesque setting on Culver's Lake, adjacent to the Appalachian Trail, is enhanced by a charming tiki bar and gazebo overlooking the water, creating a unique and inviting atmosphere. An expansive outdoor dining area allows patrons to enjoy breathtaking lake views. Ample parking is available for guests and staff. Currently operating five days a week, this turnkey operation offers a strong foundation for continued success or the potential for expansion and new strategic initiatives. The combination of a prime location, established clientele, and exceptional features makes this a rare opportunity for experienced restaurateurs or those seeking a profitable, established business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $870,000
- 7%
- $865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $895,000
- Geo Method
- $845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $850,000
- Retail
- $1,010,000
- Mixed-Use
- $875,000
- Hospitality
- $1,065,000
- Educational
- $1,000,000
- Residential Income
- $940,000
- Energy
- $945,000
- Income-Based Land
- $930,000
- Food Service
- $975,000
Location Insight
- Map
- Local Demand
- City
- Branchville
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7915
- Latitude
- 41.1684
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
