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    OFF-MARKET
    Bars & Pubs

    5217 Ventnor Ave, Ventnor City, NJ 08406

    Property ID
    US59-1061175
    Property summary
    AI-generated overview

    This brand-new, 3,000-square-foot commercial building in Ventnor City, NJ, is ideally located near Ventnor Square Theatre, Knucky's, and Sack O' Subs. The open space is perfect for a restaurant or bar, complemented by a beautiful outdoor veranda and pavered patio. Built from the ground up, it boasts all-new plumbing, electrical, roofing, and siding. Two included 2-bedroom, 1-bathroom apartments, each with gas heat, central air, and in-unit laundry, offer additional income potential. Two dedicated parking spaces are also provided. Construction is slated for completion by October 2024, allowing for customization to your specific needs. The asking price is $3,100,000. Located at 5217 Ventnor Ave, Ventnor City, NJ 08406. The property is zoned for commercial use and the possibility of obtaining a liquor license should be explored.

    Property profile
    Verified
    Property type Bars & Pubs
    UPID US59-1061175
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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