0 UndisclosedMonmouth County, NJ 00000

Property Details for 0 Undisclosed

Property size (Sq ft)

16,000 SF

Property type

Wedding venues

Property subtype

Retail properties

Description

Exceptional investment opportunity in Monmouth County, New Jersey, presents a thriving banquet hall and restaurant complex. This turnkey operation encompasses two buildings, each approximately 8,000-9,000 square feet, situated on over three acres of land. The property boasts a combined total of 16,000-18,000 square feet and includes over 100 parking spaces, ensuring ample accommodation for patrons. Building A generates a monthly rental income exceeding $16,000, while Building B houses the successful banquet hall. The banquet hall itself features a versatile layout, including a formal dining room, a spacious ballroom perfect for large events, an upstairs party room ideal for smaller gatherings, and an expansive outdoor area capable of hosting 80-100 guests. The sale includes a valuable liquor license, adding significant value to this already impressive offering. The property is currently 100% occupied with a multi-tenant lease structure, with two tenants and a remaining lease term of two years. The asking price for this exceptional property is $8,000,000. This is a gross lease. The sale includes both the real estate and the established businesses. Serious inquiries only. Further details are available upon execution of a non-disclosure agreement and submission of proof of funds or pre-approval.

Location Insight

City

Monmouth County

County

Monmouth

State

New Jersey

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