Rivera Realty

112 RT. 72 EAST, VINCENTOWN, NJ 08088

112 RT. 72 EAST, VINCENTOWN, NJ 08088

$1,100,000

Sq. Ft.: 4,500
Type: Commercial
Listing Courtesy of: Weichert Realtors-Burlington (609) 386-0066
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A Rare Opportunity to Own a Thriving Business! Located on more than 2.38 acres on a high profile busy highway, this well established Tavern/Restaurant, and 8 rental properties, is a golden opportunity to purchase an income producing commercial property at a competitive price point. A total of three buildings, and two additional lots (see attached survey).Owned and operating for nearly 101 years, the current owner, only the forth in all that time. The 2K SF Tavern boasts original log cabin aesthetics and blends naturally into its peaceful surroundings. It features a new updated outdoor patio, expanding the available SF for more patronage and entertainment space. There is a full commercial kitchen with a walk-in cooler and walk-in freezer. The new exhaust hood was installed in 2021. And The Liquor License is included in the sale! The rental properties are easy to maintain and easy to rent. There are currently 6 occupied units and 2 under renovation. Please see the listing remarks for the current rental amounts. There are coin operated W/D on the property for tenant use, included in the sale. The sale is As Is but the seller is willing to negotiate and offer concessions to facilitate the sale! Owner is open to seller financing. Bring your Offer and POF and lets make it happen! All reasonable offers will be considered!
Listing Courtesy of: Weichert Realtors-Burlington (609) 386-0066
Property Features
Location Information
County: BURLINGTON
Municipality: WOODLAND TWP
Cross Street: ROUTE 70
Latitude: 39.88523
Longitude: -74.56929
MLS Area: Woodland Twp (20339)
Interior Features
Heating: Central
Heating Fuel: Electric
Cooling: Central A/C, Ceiling Fan(s), Window Unit(s)
Floors: Tile/Brick, Wood, Carpet, Vinyl
Exterior Features
Is New Construction: No
Foundation: Concrete Perimeter
Septic or Sewer: On Site Septic
Water: Well
Parking Description: Private, Lighted Parking
Lot Size in Acres: 2.38
Commercial/Industrial Type: Apartment Building, Hotel/
Approximate Net Sq. Ft.: 6,500
Additional Information
ListDate: 2024-10-13 00:00:00.0
Property SubType: Commercial Sale
Year Built: 1924
Status: Active
Tax Year: 2024
Tax Amount: $13,176


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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BRIGHT(MRIS/Trend) data last updated at November 23, 2024 9:30 AM ET