REDUCED 1/2 Acre Corner Rt 9 Property selling below appraised value
Business Description
Imagine owning a prime corner property on Route 9 that's been home to a thriving Italian restaurant for 55 years. You'll love the incredible location advantage - this half-acre corner lot puts you right in the path of major anchor traffic from the adjoining property, giving you built-in visibility and customer flow.
The numbers tell a compelling story. This established location has been reporting over $800,000 annually, and you can see the potential for even more. Think about expanding the menu offerings or increasing volume - the foundation is already there from decades of community trust and loyal customers.
Here's what makes this opportunity special: you're getting both the land and building at a fantastic value. The property was recently appraised at $1.195 million, but the seller is motivated and pricing it below that appraised value. That's immediate equity in your favor.
Worried about financing? Don't be. This qualifies for SBA financing with just 10% down, making it accessible for the right buyer who wants to step into an established location without the typical barriers.
The 55-year history speaks volumes about the staying power of this location. Previous operators have built something lasting here, and now you have the chance to write the next chapter. Whether you're expanding an existing restaurant concept or starting fresh, you're getting a proven location with infrastructure already in place.
This is your opportunity to own a piece of Route 9 real estate that's been serving the community for over five decades, priced to move and ready for your vision.
The numbers tell a compelling story. This established location has been reporting over $800,000 annually, and you can see the potential for even more. Think about expanding the menu offerings or increasing volume - the foundation is already there from decades of community trust and loyal customers.
Here's what makes this opportunity special: you're getting both the land and building at a fantastic value. The property was recently appraised at $1.195 million, but the seller is motivated and pricing it below that appraised value. That's immediate equity in your favor.
Worried about financing? Don't be. This qualifies for SBA financing with just 10% down, making it accessible for the right buyer who wants to step into an established location without the typical barriers.
The 55-year history speaks volumes about the staying power of this location. Previous operators have built something lasting here, and now you have the chance to write the next chapter. Whether you're expanding an existing restaurant concept or starting fresh, you're getting a proven location with infrastructure already in place.
This is your opportunity to own a piece of Route 9 real estate that's been serving the community for over five decades, priced to move and ready for your vision.
About the Business
- Years in Operation
- 16
- Employees
- 9 (5 Full-time, 4 Part-time)
- Facilities & Assets
- High visibility corner , adjacent to couple of the largest retailers in NJ -=
RARE OPPORTUNITY, GENERATIONAL PROPERTY AND LOCATION ..
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,000
About the Sale
- Financing Options
- To qualified , SBA requires 25% , seller may consider some secondary financing to WEL
Listing Info
- ID
- 2379516
- Listing Views
- 540
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2379516 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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