REDUCED 1/2 Acre Corner Rt 9 Property selling below appraised value

Asking Price$990,000

Gross Revenue
Not Disclosed

Net Operating Income$80,000

FF&E$200,000
Included in asking price
Building Sq. Ft.4000

Price per Sq. Ft.$225.00

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REDUCED 1/2 Acre Corner Rt 9 Property selling below appraised value


Asking Price$990,000

Gross Revenue
Not Disclosed

Net Operating Income$80,000

FF&E$200,000
Included in asking price
Building Sq. Ft.4000

Price per Sq. Ft.$225.00

Property 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.
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
High visibility corner , adjacent to couple of the largest retailers in NJ -=
RARE OPPORTUNITY, GENERATIONAL PROPERTY AND LOCATION ..
Possible secondary financing 150K
Location Description
as needed
Current and Prior Use
same use for 55 years
Year Built
1950
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
To qualified , SBA requires 25% , seller may consider some secondary financing to WEL
Current Property Expenses
TAXES 12K
Listing Info
ID:
2379516
Listing Views:
440
Attached DocumentsAttachment Disclaimer

510_North_sal_1_1_.pdf


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Property Listed by: Thierry Smith 1st Jersey Commercial/Rosetto Realty

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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