Seller Financing
Address
Westfield Avenue Pennsauken, NJ
Price
$ 374,900
Property Attributes
  • MLS#NJCD392196
  • TypeCommercial
  • CountyCAMDEN
  • CityPennsauken
  • AreaPennsauken Twp
  • Zip08110
  • StyleRestaurant/Bar
  • Taxes3505
  • Price$ 374,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2500
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Century 21 Thomas Realty Inc
Property Description

Don't miss this unique opportunity to acquire an acclaimed and successful Deli/Catering business that has been operational for over 50 years. Well known with rave reviews, this unique and popular Delicatessen has been busier than ever - even now - since it has always been a pick-up/take-out establishment. Included with the sale are the long-held recipes of homemade Italian cuisine and the well-respected name in the business. With 2 store fronts on the corner of the adjoining Parking lot for 50+ cars, there are value-added opportunities to increase the revenue dramatically as outlined in the available full Executive Summary. For instance, there is a Class-C liquor license available for sale in Pennsauken, currently listed for sale at $110,000. This could provide options for the new owner to potentially convert the catering hall store front to a liquor store, a bar/restaurant, or a brew pub for example, while still operating the Deli store front and offering off-premise catering. Notwithstanding the liquor license, the catering hall could be transitioned into a BYOB Bistro, or leased out for additional income to any type of business. The parking lot is Township owned, maintained and plowed; a significant savings to the business. Each unit has separate utilities. The catering hall was renovated within the past 10 years. Seller Financing is available with strong offer. 30-day Training/Transition period is available. Current cap rate is 22%. A complete Executive Summary with current Proformas, Projections and a 5-year Projected Revenue chart is available through the Listing Agent with an NDA and POF. The Executive Summary includes a list of Equipment, Fixtures and Furniture, valued at approximately $125,000, which are included. The current owners are ready to retire and offer this unique opportunity to a savvy entrepreneur.

Price History
5/12/2020 Listed $375,000
8/25/2020 1% - $374,900

General Features

Acceptable Financing Conventional, Seller Financing
Accessibility None, Grab Bars Mod
Business Type Restaurant/Bar, Other
Construction Materials Block
Cool Fuel Natural Gas
Cooling Central A/C
County CAMDEN
Exclusions List of Equipment, Fixtures and Furniture excluded are listed in the Executive Summary and available from the Listing Agent.
Flooring Vinyl
Heating Forced Air
Historic Y/N No
Location Type Business District
MLS Area Pennsauken Twp (20427)
New Construction No
Ownership Fee Simple
Parking Features Paved Parking, Public
Possession Immediate
Price Per Sq Ft 149.96
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Owner User
PropertyCondition Very Good
Real Estate Owned Y/N No
Roof Flat
Security Features Carbon Monoxide Detector(s), Security System
Sewer Public Sewer
Tax Year 2019
Total Units 2
Utilities Cable TV, Multiple Phone Lines
Vacation Rental Y/N No
Water Access Y/N No
Zoning 7C

Interior Features

Central Air Y/N Yes
Entry Level 1
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 2

Exterior Features

Building Area Total 2500.00
Car Parking Spaces 50
Fencing Y/n No
Foundation Details Slab
Inclusions List of Equipment, Fixtures and Furniture included are listed in the Executive Summary and available from the Listing Agent.
Lot Dimensions 37 x 140
Lot Features Landscaping
Lot Size Acres 0.12
Lot Size Source Estimated
Lot Size Square Feet 5180.00
Navigable Water Y/N No
Road Frontage Length 37
Road Surface Type None
Roadresponsibility Boro/Township
Total Parking Spaces 50
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
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 08110

Price
AVG $120K
$370K
Taxes
AVG $6,595
$3,505
Visits
AVG 77
70
Walkscore
AVG 64
69
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover