538 N Broadway

    Deepwater, NJ 08069
    • $249,900
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: 7168440
    $249,900
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,104
      SQFT
    • $61
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1938
    County:

    School Ratings & Info

    School District:
    Listing courtesy of River Beach Realty Inc.

    Description

    For sale OR lease!! Former Travalini Restaurant located in the Deepwater section of Pennsville. Located justseveral hundred feet from the NJ Turnpike, I295 (EXIT 1)& the Delaware Memorial Bridges, a VERY high traffic corridor!! Restaurant seats 70 in main dining room, 15 at the bar area and 60 in 2nd floor banquet rooms. Sale includes the restaurant building, a 2 story duplex building, and a vacant (parking) lot located across the street for overflow parking. All existing equipment remain with the sale including a walk in refrigerator. There are 2 rest rooms on each floor and the first floor is ADA compliant. The duplex grosses 1,475 per month with 2 very long term tenants. Also included is an overflow parking lot located across the street. The 2nd floor was completely renovated in 2001 into a banquet facility with all new electric. The Travalini name can stay with the building, if desired. The owner will consider doing a lease purchase of the building. ***OTHER POSSIBLE USES***: The building could also be used as an office building (medical, insurance, service, etc.) with the 2nd floor as a conference room or 2 separate meeting rooms, a retail business, veterans home, pizzeria or fast food shop. With some imagination, the 2nd floor could be converted back to 1 large apartment or 2 smaller units and the first floor as retail space or another apartment or 2. The location could be a great spot for an auto parts store sports bar or antique shop. Think outside the box, with it's great location, large parking lot(s) and supplemental income from the existing included duplex, the possibilities are infinite!! There is a class C liquor license for sale in Pennsville Township that could make the restaurant into a full service restaurant business. Great opportunity at a great price. ***The main building is available for rent at the rate of $1,500.00 per month, 1 year lease + security deposit. Call listing agent for more details.***

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    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-14T23:55:53.033.
    www.scottkompa.com/homes/82936877

    538 N Broadway Deepwater, NJ 08069

    • Price: $249,900
    • Status: Active
    • ID#: 7168440
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    4,104
    SQFT
    $61
    $/SQFT
    1938
    Built
    Neighborhood:
    None
    County:
    Salem
    Area:
    Pennsville Twp (21709)
    School District:
    Pennsville Twp
    Property Description
    For sale OR lease!! Former Travalini Restaurant located in the Deepwater section of Pennsville. Located justseveral hundred feet from the NJ Turnpike, I295 (EXIT 1)& the Delaware Memorial Bridges, a VERY high traffic corridor!! Restaurant seats 70 in main dining room, 15 at the bar area and 60 in 2nd floor banquet rooms. Sale includes the restaurant building, a 2 story duplex building, and a vacant (parking) lot located across the street for overflow parking. All existing equipment remain with the sale including a walk in refrigerator. There are 2 rest rooms on each floor and the first floor is ADA compliant. The duplex grosses 1,475 per month with 2 very long term tenants. Also included is an overflow parking lot located across the street. The 2nd floor was completely renovated in 2001 into a banquet facility with all new electric. The Travalini name can stay with the building, if desired. The owner will consider doing a lease purchase of the building. ***OTHER POSSIBLE USES***: The building could also be used as an office building (medical, insurance, service, etc.) with the 2nd floor as a conference room or 2 separate meeting rooms, a retail business, veterans home, pizzeria or fast food shop. With some imagination, the 2nd floor could be converted back to 1 large apartment or 2 smaller units and the first floor as retail space or another apartment or 2. The location could be a great spot for an auto parts store sports bar or antique shop. Think outside the box, with it's great location, large parking lot(s) and supplemental income from the existing included duplex, the possibilities are infinite!! There is a class C liquor license for sale in Pennsville Township that could make the restaurant into a full service restaurant business. Great opportunity at a great price. ***The main building is available for rent at the rate of $1,500.00 per month, 1 year lease + security deposit. Call listing agent for more details.***
    Exterior Features

    Building Facade Orientation West Exterior BrickMasonryextStucco Exterior Amenities HwyexposurePubtransnearSignext Foundation Blockbrickfd Location SuburbanCorner Lot/UnitHighway Location Types None Lot Dimensions 101X110 Parking 11To25cargarPaved ParkingOff Street Roads Boro/TownshipStateUs Hwy/Interstate Roof Flat RoofShingle RoofRubber Topography Level Water Front No

    Interior Features

    Floor Tile/BrickCarpetflr Handicap Moblimprmods Hot Water Natural Gas Interior Square Feet Source Assessor Leasable Sq Ft 4104.0 Plumbing Mixed Plumbing Walls Ceilings PanelintwllSheetrckintwMasonintwll

    Property Features

    Annual Gross Income 17700.0 Annual Lease Price 42000.0 Building Name Travalini Building Or Business CommercialOfficeProfessionalRetailApartmnt BldRestaurantTavern Current Financing ConventionalLease Purchase Date Available 2017-08-01 Electric Service 200-300AmpelCircuit Breakers Inclusion Remarks Existing Restaurant Kitchen Equipment (All In 'As Is" Condition) Land Only No Lease Type Gross Leased Units 2 Lot Number 00001 Min Lease 24 Property Option Both Sewer Septic Public Sewer Tax Year 2017 Tenancy Month-To-Month Lease(S)Option to Buy Total Assessment 373600.0 Total Taxes 14806.0 Traffic Count T10000-14999 Water Public Year In Business 10+ Years Zoning Code 04



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-14T23:55:53.033.
     
    Remax Preferred | Scott Kompa Group
    408 Swedesboro Rd
    Mullica Hill NJ, 08062
    Listing courtesy of River Beach Realty Inc.