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Michael Practico

Richardson Commercial Realtors

Office Phone: 609-586-1000

 

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Published on: Friday, July 29, 2016 2:21:15 PM
Updated on: Friday, July 29, 2016 2:21:15 PM
Purchase with B2B
 Purchase with B2B  Purchase with Business to Business
Quick Glance

Listing ID: CL-New Jersey-71322

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 0

  

Building Size: 0 SqFt

Lot Size: 0 Not Specified

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: The property is improved with a 1 story 2,500+/- square foot bar/nightclub. The building was constructed in 1958+/-. The building has a concrete block exterior, concrete slab foundation and a flat roof surfaced with a rubberized membrane. The building is currently a popular night club in Trenton. There is a full service bar, a kitchen prep area, a stage/elevated dance floor and an area for lottery ticket sales. There is an exterior storage room attached to the rear of the building which is used for deliveries. There is also a small office for the owner/manager. The price also includes a Plenary Retail Consumption License with Broad C package privileges, which allows the owner to operate as a carry out liquor store in addition to a full service bar. The building is serviced by a gas fired forced hot air heating system. Cooling is provided by a forced air system. The electrical service to the building is single phase 200+/- amp. All services have been upgraded and optimized for

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 0

Commission Split (%): 0

Complete Details

Year Build: 0

Building Size: 0 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Not Specified

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

This is a landmark establishment for the jazz community in central New Jersey. The liquor license is included in the selling price. The bar/nightclub is currently open 3 nights per week and does a minimal package goods business. They also have an active lottery license for additional income. This property offers huge upside for the right buyer. The possibility of building off of the existing business or changing the business model altogether are both possibilities. Call today for additional information or to make an appointment for a showing.

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