$249,900 538 N Broadway Deepwater, NJ

MLS: 7168440   Type: Commercial   County: Salem   City: Deepwater   Area: Pennsville Twp   Zip: 08069   Style: Commercial,Office,Professional,Retail,Apartmnt Bld     Taxes: $14,806

Mortgage $1,173 /mo



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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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Price History

4/25/2018 Listed $249,900

Accessibility MoblImprMods
Annual Gross Income 17700.0
Building Name TRAVALINI
Business Type Commercial, Office, Professional, Retail, Apartmnt Bld, Restaurant, Tavern
Hot Water Natural Gas
Is Twin No
Listing Area Pennsville Twp (21709)
Location Suburban, Corner Lot/Unit, Highway
Number of Units Leased 2
Price Per Sqft 60.8918
Property Type Commercial
Sale Includes Land&Buildng, BusinessName, Equipment, Fixtures
School District Pennsville Twp
Tax Annual Amount 14806.0
Tenancy Month-to-Month Lease(s), Opt to Buy
Tenant Pays PayElec, PayHeat, Trash Rem Chrg, PayCblTV
Total Units 3
Zoning 04

Interior Features

Buildingfloors 2.0
Electric 200-300AmpEl, CircBreakers
Flooring Tile/Brick, CarpetFlr
Plumbing MixedPlumb

Exterior Features

Exterior Brick, MasonryExt, Stucco
Exterioramenities HwyExposure, PubTransNear, SignExt
Foundation Details BlockBrickFd
Lot Dimensions 101X110
Number of Buildings 2
Parking Features 11to25CarGar, PavedPark, Off Street
Road Surface Type Boro/Township, State, US Hwy/Interstate
Roof FlatRoof, ShingleRoof, Rubber
Sewer Public Sewer
Topography Level
Water Source Public
Waterfront N

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Property vs Zip Code Avg (08069)

Price 249K Avg 558K

Sqr Feet 4,104 Avg 1,535

Cost / Sqr Ft $61 Avg $364

Taxes $14,806 Avg $6,417

Acres 0.26 Avg 9.17

Visits 10 Avg 10

Walkscore® 13 Avg 31

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Listing Provided Courtesy Of: River Beach Realty Inc

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Location & Address

Lisa Boucher
2200 Walnut Street
Philadelphia, PA