Updated about 10 years ago on .
Bayonne, NJTurnkey Restaurant/Tavern with class C liquor license
Awesome opportunity to own two buildings with estimated $110,000 in gross rents
Successful thriving tavern/restaurant with net operating income of $160,000 a year.
4 rental incomes - 3 two bedrooms, 1 studio
1 commercial rental income - $5,000 per month ( absorbed because it's owner occupied )
Class C liquor licence included with the sale.
Total Price - $1,450,000
Total net operating income = $185,000 - for about 12.7% cap rate!
Owners will stay on site to train new owner. Costs of goods to be determined during the sale.
Sale includes all mechanicals and freezers, refrigerators, stoves, equipment needed for bar and restaurant.
Building 1 is two family home with 2 two bedroom rentals.
Building 2 is mixed use with a tavern on ground level with 1 studio and 1 two bedroom rental on 2nd level.
Close to light rail transportation for easy access to NYC. Across from the luxury Silk Lofts.