For Sale
$875,000

1 Central Ave Minotola, NJ 08341

Established Restaurant, High Traffic Area, Lease Options

Overview

Added:
Feb 3
Days on market:
84
This thriving restaurant in Minotola, NJ, presents a unique investment opportunity. Located on a highly visible corner of S Central Avenue, a main thoroughfare leading to Route 40, this 3,200 square foot establishment boasts ample parking. The property sits on a 0.32-acre lot and offers seating for over 100 patrons, with potential for expansion. Completely renovated four years ago, the building features a brand-new HVAC system, roof, floors, walls, electrical, and plumbing systems, along with all new equipment. No expense was spared during the extensive remodel and reconstruction. Currently operating six days a week from 7 am to 4 pm, the restaurant's hours were previously extended to 9 pm, seven days a week. The current owner reduced hours due to staffing limitations. The business includes pizza offerings, currently suspended, which represent a significant opportunity for increased revenue. Further growth potential is anticipated with the upcoming development of a 55+ community in Minotola. A lease or lease-purchase option is available for a qualified operator. This turnkey operation offers substantial income generation and significant upside potential. The asking price is $875,000.

Property Details for 1 Central Ave

Property type
Retail properties
Square Feet
3,200 SF
Year Built
1997
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Minotola
County
Atlantic
State
New Jersey
Latitude
39.52647
Longitude
-74.9478

FAQs

What type of property is this?
Retail property - Established Restaurant, High Traffic Area, Lease Options
Where is the retail property located?
The property is located at 1 Central Ave Minotola, NJ.
What is the asking price?
The asking price for this property is $875,000.
How can I contact the broker?
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1 Central Ave
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