54 Tuckahoe RdWeymouth, NJ 08317

Property Details for 54 Tuckahoe Rd

Lot size

4.20 AC

Zone code

PVC

Property type

Retail properties

Property subtype

Bars

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].