730 Federal Ave Kenilworth, NJ 07033-1716
- Industrial properties
- 2,697 SF
- 0.29 lot acres
Current Use by Public Records
- Two Ton Brewing Co. / Beer Garden / Beer Store
Property Details for 730 Federal Ave
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.29 lot acres
- Property size
- 2,697 SF
- Property type
- Industrial properties
- APN
- 08 00183-0000-00001- 03
- APU
- 80018300000000103
Description
This thriving Kenilworth, NJ business, located at 730 Federal Avenue, presents a unique investment opportunity. The 2,697 square foot property sits on a 0.29-acre lot and includes a fully operational production brewery and taproom, complete with retail and wholesale components. High-quality brewing equipment is included in the sale, and is in excellent condition. This equipment encompasses an operational canning line, keg washer, bottling equipment, and a fork truck. Building improvements have already been made. A significant advantage is the inclusion of a rentable, private "speakeasy" room in the lower level, featuring four beer taps and a dedicated bathroom, providing additional revenue streams. The business benefits from an established statewide distribution agreement with Wegmans for their liquor stores. The current owners will provide comprehensive training to the new owner, covering the brew system, production processes, canning line operation, and recipe development. A new lease will be provided by the landlord to the purchaser. Furthermore, the property enjoys a prime location adjacent to a soon-to-be-constructed 100-unit apartment complex, promising increased foot traffic and potential customer growth. This turnkey operation offers a rare blend of established success and significant future potential. The property is zoned for business use only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $440,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $460,000
- Mixed-Use
- $465,000
- Hospitality
- $370,000
- Educational
- $515,000
- Residential Income
- $480,000
- Energy
- $455,000
- Income-Based Land
- $510,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Kenilworth
- County
- Union
- State
- New Jersey
- Longitude
- -74.286
- Latitude
- 40.6794
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
