470 Us Highway 206Branchville, NJ 07826

Property Details for 470 Us Highway 206

Year built

1920

Lot size

1.78 AC

Zone code

CED1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

05 00160-0000-00008

APU

500160000000008

Description

This exceptional 4,000 square foot restaurant, situated on 1.8 acres of prime lakefront property in Branchville, NJ, presents a unique investment opportunity. Located on US Highway 206, a high-traffic route with over 15,500 cars passing daily, this established business boasts significant visibility and consistent patronage. The property includes a fully equipped commercial kitchen featuring a walk-in freezer and ample lower-level storage with convenient ground-level bay door access. The restaurant comfortably seats over 120 guests indoors, with additional outdoor seating. A dedicated banquet room and bar cater to larger events. A valuable liquor license is included, permitting both indoor and outdoor service. The picturesque setting on Culver's Lake, adjacent to the Appalachian Trail, is enhanced by a charming tiki bar and gazebo overlooking the water, creating a unique and inviting atmosphere. An expansive outdoor dining area allows patrons to enjoy breathtaking lake views. Ample parking is available for guests and staff. Currently operating five days a week, this turnkey operation offers a strong foundation for continued success or the potential for expansion and new strategic initiatives. The combination of a prime location, established clientele, and exceptional features makes this a rare opportunity for experienced restaurateurs or those seeking a profitable, established business.

• CAP approach

  CAP return

  Valuation

  6%

  $28,314,248

  6.5%

  $26,136,228

  7%

  $24,269,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,701,686

  Geo Method

  $25,530,080

• Alternative Use

  Use

  Valuation

  Residential

  $22,046,886

  Hospitality

  $20,194,830

  Educational

  $16,801,860

  Medical

  $17,379,702

  Retail

  $26,136,228

Location Insight

City

Branchville

County

Sussex

State

New Jersey

Latitude

41.1684

Longitude

-74.7915

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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