7 Park Ave Merchantville, NJ 08109-2204
Property Lookup
Property profile & analytics
7 Park Ave Merchantville, NJ 08109-2204
- Commercial real estate
- 0.10 lot acres
Property ID
US59-1769998
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,391
$32,400
$113,300
$145,700
-
$32,400
$113,300
$145,700
