5397 Somers Point Road

Mays Landing, NJ
$ 399,900 Beds 0 Baths 0 Sq 2,080
Monthly Estimate* How much can I afford?

Turn-key Business Opportunity in the Heart of Mays Landing with Plenary "Class C" Liquor License. The Riverside Restaurant and Tavern has been family owned for over 22 years and is a staple in the Township of Hamilton with years of memories and now this property could be yours! This property sits on 3.15 acres and has a seating capacity of about 100 people. Best of all, it sits on one of the busiest routes to the Shore with up to 7,000+ vehicles on a summer weekend. Rt. 559 is also considered to be the Counties Alternate Flood Evacuation Route. The Pool Tables, Change Machine, ATM, Music Machine (AMI) is leased through Bill's Vending. The Ansul System was updated in 2018 and recently passed an inspection. Ducts were all cleaned in winter of 2019. Central Air units were installed around 2009. Building comes with a security system and alarm system. Current owners put in a lot of time and money into this property. and it's been a labor of love. The walk-in is 16' x 10'. Kitchen has a Pizza Oven, two (2) fryers, Two Gas Gas Ovens with Grill, 6-burners and Flat Top Griddle, Ice Machine, Meat Slicer, Microwave, One (1) Upright Freezer, Refrigerated Cold Cut/Salad Station, Handwashing Sink and Wash/Rinse/Sanitize Sink. The Dining area has High Tops with two (2) Pool Tables and Darts for Entertainment. Popular Pool Tournaments have been held here. The Bar Area has an eight (8) keg Beer Meister with the potential of twelve (12), Nine (9) bag-in-the box soda dispenser, Sink Area, Ice Area for Cold Beer and a Cashiers Area. There is a Refrigerated Cooler in the dining area for Package Goods. Exterior has pitched truss roof with newer Timberland 3-Dimensional Shingles. The back shed is 12' x 24'. Exterior front previously had windows there and is still approved for those windows if you wanted to convert back, they are behind the wall. There is Outdoor Seating available and plenty of Parking. This property has been well-maintained and updated over the past several years and has recently passed all inspections. Many things with this property are grandfathered in. Keep it as a restaurant/bar or use your creative idea's to turn into something else. You have plenty of traffic that goes by. Micro Brewery? Deli? The Best Bar in Town? The possibilities are endless as the new owner(s) of the Riverside Tavern!

Business Op

  • Price
  • $ 399,900
  • Lot Size
  • 3.15 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,080
  • Full Bathrooms
  • 0
  • Year Built
  • 1979
  • Half Bathrooms
  • 0
  • City, Zip
  • Mays Landing
  • Taxes
  • 8357
  • County
  • ATLANTIC
  • Style
  • Restaurant/Bar
  • Area
  • Hamilton Twp
  • MLS#
  • NJAC114056
  • Zip
  • 08330
Listing Provided by: Better Homes and Gardens Real Estate Maturo
Data Source: Bright MLS

Features

General

Accessibility No Stairs
Avg. Electric Per Month 900.0
Building Features Ceiling Fans, Kitchen, Office, Oven/Range(s), Public Restrooms, Refrigerator(s), Security System, Shelving, Signage Allowed, Walk-In Box, Storage, Other
Business Name Riverside Restaurant and Tavern
Business Type Restaurant/Bar
Construction Materials Frame
Cooling Central A/C
County ATLANTIC
Current Use Bar, Restaurant
Days on Market 283
Electric 100 Amp Service, 150 Amps
Exclusions Personal Property of Seller. Leased Equipment (Music Player, ATM, Pool Tables, etc) will be subject to stay with new owner obtaining terms through company that owns that equipment
Heating Forced Air
MLS Area Hamilton Twp (20112)
New Construction No
Possession Settlement
Price Per Sq Ft 192.26
Property SubType Other
Property Type Business Opportunity
PropertyCondition Good
Roof Architectural Shingle
Security Features Exterior Cameras, Motion Detectors, Monitored, Security System, Sprinkler System - Indoor, Surveillance Sys
Sewer Private Sewer
Tax Annual Amount 8357.0
Tax Lot 00038
Tax Year 2020
Utilities Cable TV, Electric Available, Natural Gas Available, Phone, Water Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning GA-L

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 2

Exterior Features

Building Area Total 2080.00
Car Parking Spaces 60
Inclusions Personal Property of Sellers
Lot Dimensions Irregular
Lot Size Acres 3.15
Lot Size Square Feet 137214.00
Navigable Water Y/N No
Total Parking Spaces 65
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Vienna, VA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/29/2020 Listed $399,900

Property vs Zip Code Average in 08330

Price
AVG $1.15M
$400K
Taxes
AVG $12,429
$8,357
Visits
AVG 89
140
Year Built
AVG 1970
1979

Map

5397 Somers Point Road Mays Landing, NJ is a Single Family Home for sale at $399900 with 2080 sqft and a lot size of 3.15 Acres Acre(s). 5397 Somers Point Road Mays Landing has 0 bedrooms, 0 baths and was built in 1979. The property's zip code is 08330 which is in Mays Landing, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.