Addison Wolfe Real Estate
538 N Broadway
DEEPWATER, NJ 08069

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.***

Details

MLS#1000443988
StyleIndustrial
Sub-TypeResale
StatusActive
Year1938
Days On Site115

Features

SQ Feet4,104
Story(s)0
Zoning04

Market Activity 08069

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Area Information

StateNJ
CityDEEPWATER
Zip Code08069
AreaPennsville Twp (21709)
Listing VS Median (in 08069)
Price:
$249,900
low | high
Med:
$99,900
100% of Average
SqFt:
4,104
low | high
Med:
1,994
100% of Average
$ / SqFt:
$61
low | high
Med:
$66
41.939326547172% of Average
On Site:
115
low | high
Med:
18.5
100% of Average
Listing Updated: 08/17/2018
MLS Number: 1000443988
Listing Provided By:
David H Wright  of  River Beach Realty Inc

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