SOLD! RESTAURANT & BAR! Three-Story Brick Mixed-Use Building Sitting on the Corner of a Signalized Intersection

  • $400,000
2647 Fairmount Avenue

SOLD! RESTAURANT & BAR! Three-Story Brick Mixed-Use Building Sitting on the Corner of a Signalized Intersection

2647 Fairmount Avenue
  • $400,000

Overview

  • Investment, Mixed-Use, Retail
  • Property Type
  • Address 2647 Fairmount Avenue
  • State/county New Jersey
  • Zip/Postal Code 08401

Details

Updated on January 18, 2024 at 11:22 am
  • Price: $400,000
  • Property Type: Investment, Mixed-Use, Retail
  • Property Status: Sold
  • Building SqFt: 3,700
  • Block #: 381
  • Lot #: 73
  • Lot Dimensions: 25 x 75
  • Number of Washrooms: 2
  • Number of Buildings: 1
  • Number of Stories: 3
  • Bathrooms: 2
  • Zoning: NC-1
  • Total Assessment: $139,600
  • Assessed Land Value: $46,900
  • Improvement Value: $92,700
  • Tax: $5,446
  • Tax Year: 2021
  • Air Conditioner: Central Air, Multi-Zoned
  • Also Available: Fixtures, Equipment
  • Exterior Features: Signage
  • Construction/Siding: Brick
  • Heating: Forced Air, Gas - Natural
  • Hot Water: Gas
  • Interior Features: Restroom(s), Refrigerator/Freezer
  • Location: Corner
  • Roof: Asphalt, Pitched
  • Separately Metered: Electric, Gas
  • Sewer: Public
  • Style: Commercial
  • Water: Public
  • Number of 2-Bedroom Units: 2

Description

SOLD! RESTAURANT & BAR! Welcome to 2647 Fairmount Avenue. Beautiful three-story brick building sitting on the corner of a signalized intersection with easy access to Brigantine, Ventnor and Margate. Great opportunity to open your own venue or keep the existing food operator. Stepping into this establishment solidifies the hidden gem it is. Completely remodeled showcasing exposed steel, brick, and full-length polished wooden bar which all adds to the ambience, as well as to the infrastructure and longevity of the building. Modern kitchen with 15′ hood. Second hood in place to add a pizza oven or additional equipment. Bar seats 15 +. Dining is 30 +. Two ADA compliant restrooms. Separate HVAC systems for kitchen and dining area. This place is really set up to run and has the look to rival any restaurant in town. Being offered for $400,000 is the three-story building with the first-floor bar/restaurant. The Consumption Liquor License is available for an additional $125,000.00 ($525,000 for the package, Liquor License will not be sold separately without the real estate). Second and third floors are two independent two-bedroom apartments both occupied with separate electric and gas meters. A majority of the restaurant equipment is part of the sale so a list will be provided. In addition to the above, 2645 Fairmount is available for $99,000. This is an 1,800±SF warehouse next-door. This space will not be sold separately but can be purchased with 2647. Infrastructure already in place to adjoin the two buildings and expand the dining/bar area. Great opportunity to be a part of the growing Atlantic City Dining Scene!

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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Lee Jerome
  • Lee Jerome