38 Tuckahoe Rd, Dorothy, NJ 08317

$525,000

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List Price
$525,000
Days on Market
162
Status
ACTIVE
MLS#
NJAC2022998
Lot Size (Acres)
3.5
Year Built
1973
County
Atlantic
School District
Estell Manor City Schools

Property Description

Award Winning Tavern with Liquor License, 3 Acres, and Rental Income Property Included. Take ownership of The Root Cellar Tavern, a beloved local landmark that is ready for immediate operation. This award winning establishment offers a rare combination of a thriving business, a valuable liquor license, and income generating real estate all in one package. Priced aggressively at $525,000, this is a comprehensive turn key opportunity for the serious restaurateur or investor. Restaurant and Bar Highlights Valuable Liquor License: The sale includes a Plenary Retail Consumption License (Type 33), a highly sought after asset that drives high margin sales. High Capacity Venue: Features a full service indoor dining area and bar that comfortably accommodates 148 guests. Outdoor Revenue Potential: The property sits on 3 acres of cleared land featuring a dedicated outdoor bar. This space is perfect for hosting events, private parties, and maximizing summer revenue. Operational Readiness: The business comes fully equipped with ample parking for high volume nights and three oversized sheds for organized storage. Real Estate and Rental Income: Maximize your investment with the attached residence. The sale includes a spacious 1,700 square foot Cape Cod style home featuring 4 bedrooms and 2 bathrooms. Immediate Cash Flow: The home is currently rented on a month to month basis, providing you with immediate passive income to help offset mortgage costs. Versatility: This space is ideal for an owner operator residence, staff housing, or continued use as a rental property. Why This Investment Works: This is a true turn key sale. The Root Cellar Tavern has a consistent year over year track record and a loyal community following. You are buying a complete lifestyle and business package that is ready for you to open the doors tomorrow. Contact us today to schedule a private viewing of this unique hospitality offering.

Additional Information

Area
Corbin City (20106)
Subdivision
Dorothy
Taxes
$11496
School District
Estell Manor City Schools
Heating
Baseboard - Hot Water
Heating Fuel
Natural Gas
Cooling
Central A/C
Utilities
Above Ground
Water
Private, Well
Sewer
Septic Exists
Basement
Yes

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty - Atlantic Shore. Contact: 6094849890