7 E Park Avenue Merchantville, NJ $ 175,000
7 E Park Avenue
$ 175,000
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7 E Park Avenue

Merchantville, NJ, 08109
$ 175,000
Bedrooms-- Baths-- Sq 1,000

Monthly Estimate*

$ 1,048

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Commercial Property for sale in Merchantville, NJ

for $175,000. This 1,000 square foot building was built in 1945.

Step into an established, small & manageable, turn-key BYOB restaurant business opportunity. Park Place Cafe & Restaurant is an award-winning restaurant offering a new owner the opportunity to purchase a fully built-out restaurant business at a fraction of the cost when compared to starting from scratch! Available with everything in place for your continued success - an established & well renowned, award-winning name, the steadfast list of loyal repeat guests, a professionally designed website with a very successful social media following and all the equipment included to immediately launch your own business! Continue to easily market through the established media sites, connecting with the loyal clientele who have you bookmarked for watching menu changes and happenings; add your own sphere for more exposure! You can choose to put your personal touches on the decor, create the menu that youve dreamed about, all with the support of a high-profile name and outstanding reputation in the culinary restaurant business. Park Place Cafe & Restaurant has had multiple stories written in major publications, along with awards for being voted Best of New Jersey multiple times! Youll find this a perfect fit for any sous chef looking to take that next step or the chef that wants to express his or her culinary ambitions. A rare find in a small quaint town just 10 minutes from Philadelphia and 5-minute drive to Collingswood, Haddonfield or PATCO stations, close to many major highways. The owner can accommodate a quick closing or allow the right buyer time with an extended settlement. Low rent & favorable lease term continues on a venue that permits 30 seated with additional sidewalk seating and plenty of parking. Everything is in place, allowing you to step in Day 1 to begin your path to success! Call for a private tour.

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Commercial Active

Price

$ 175,000

Property Type

Commercial

Taxes

$ 7,391

Style

Restaurant/Bar

Year Built

1945

Town/City

Merchantville

County/Region

Camden

MLS | Web ID

NJCD2079394

Features
Interior
Heating Fuel Natural Gas
Flooring Engineered Wood Tile/Brick Vinyl
Hot Water Natural Gas
Total Stories 1
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 1
Number of Elevators 0
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General
Sewer Public Sewer
Heating Programmable Thermostat Heat Pump - Electric BackUp Forced Air
Cooling Central A/C
Utilities Above Ground Cable TV Available Natural Gas Available Phone Available Water Available Sewer Available Cable TV Electric Available
Possession 31-60 Days CD 61-90 Days CD 90-120 Days CD Settlement Other Negotiable
Zoning B-1 CENTRAL BUSINESS
Construction Materials Block
Year Built 1945
Electric 200+ Amp Service
View Street
Building Design Retail
Tax Year 2023
Current Use Restaurant
Cool Fuel Electric
Municipality MERCHANTVILLE BORO
Business Type Restaurant/Bar
Accessibility 32 + wide Doors
Business Name Park Place Cafe & Restaurant
County CAMDEN
New Construction N
Property Type Business Opportunity
Water Access Y/N N
Building Features Fire Alarm Display Window Exhaust System Oven/Range(s) Private Restrooms Refrigerator(s) Shelving
Status ACTIVE
Directions West on Route 38 on Chaple Ave W. Bear Slightly Left on S. Centre Street Left on Park Place.
City MERCHANTVILLE
Disclosures Use and Occupancy Permit Sell Entirely
MLS Area Merchantville Boro (20424)
Lot Size Units Square Feet
Lot Size Square Feet 0.00
Waterfront Y/N N
Number of Units Leased 1
Tax Annual Amount 7391.0
Price Per Sq Ft Total AG 175.0
Acceptable Financing Cash Conventional
Historic Y/N N
Leasable Area 1000
Lease Considered Y/N Y
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Estimated
Tax Lot 00029
Lease Amount 1624.00
Lease Amount Frequency Monthly
Association Recreation Fee N
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Exterior
Parking Features Public Paved Parking Lighted Parking
Lot Features Level Road Frontage
Water Source Public
Inclusions Total Contents excluding Personal Belongings. See Furniture Fixtures and Equipment Inventory List.
Type of Parking On Street Other Parking Lot
Foundation Details Slab
Water View Y/N N
Building Area Total 1000.00
Lot Dimensions 26.00 x 0.00
Lot Size Acres 0.00
Road Surface Type Paved
Lot Size Source Assessor
Other Equipment See Remarks
Road Responsibility City/County
Land Assessed Value 32400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 7
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* Excluded Features
List By
Keller Williams Realty - Marlton

Broker

jlmoffa@aol.com

Email

Affordability Calculator

$1,664
Per Month
63%
37%
0%
Monthly Principal & Interest
$1,048
Monthly Property Taxes
$616
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/15/2024$175,000 Listed Price

Map


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7 E Park Avenue, Merchantville, NJ, 08109 is a Commercial Property for sale at $175,000 with 1,000 sqft. 7 E Park Avenue was built in 1945. The property's zip code is 08109 which is in Merchantville, NJ