54 Tuckahoe RdWeymouth, NJ 08317

Property Details for 54 Tuckahoe Rd

Lot size

4.20 AC

Zone code

PVC

Property type

Bars

Property subtype

Pubs

APN

23 00011-0000-00016

APU

2300011000000016

Description

This exceptional retail property, located at 54 Tuckahoe Rd, Weymouth, NJ 08317, presents a unique investment opportunity. The 4,000-square-foot, two-story building, constructed in 1945 and renovated in 2021, sits on a generous 4.2-acre lot and boasts a Class C designation. Currently vacant, this turnkey bar and restaurant features a fully equipped kitchen ready for immediate operation. The interior offers seating for 60 in the bar area and 80 in the dining room, with an additional 80-seat capacity available on the rear outdoor deck. Two basements provide ample storage. The property includes 45 parking spaces, and the recent roof replacement ensures long-term cost savings. Its prime location on a busy road connecting several towns, coupled with the recent construction of numerous homes nearby, guarantees high visibility and strong potential for future growth. The permitted zoning is retail, allowing for flexibility and expansion opportunities. The asking price is $375,000, translating to $93.75 per square foot. While the business has been closed for over two years, no financial information will be provided. This is a truly exceptional opportunity for an owner/user to establish a thriving business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $77,774,576

  6.5%

  $71,791,912

  7%

  $66,663,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $60,239,360

  Geo Method

  $60,239,360

• Alternative Use

  Use

  Valuation

  Residential

  $60,559,168

  Hospitality

  $55,471,872

  Educational

  $46,151,944

  Medical

  $47,739,180

  Retail

  $71,791,912

Location Insight

City

Dorothy

County

Atlantic

State

New Jersey

Latitude

39.4048

Longitude

-74.8297

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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