59 Saint Mihiel Dr
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59 Saint Mihiel Dr
3,400 SF Retail Building Riverside, NJ 08075 $1,000,000 ($294/SF)
Investment Highlights
- Loyal Following
- Longtime sole owner
- Bus and train line
Executive Summary
Includes operating business and real estate
Beloved local restaurant with endless potential!!!
This longstanding local restaurant has been a cherished dining destination for years, known for breakfast, lunch and irresistible ice cream treats. With a devoted following, this establishment is not just a restaurant but a community staple!
Room for Growth: Operating only for b/l, there immense potential to expand menu and offerings introducing dinner service, seasonal specials or themed nights.
Delivery service opportunity: Food delivery is here to state. You can implement delivery service(s) to reach a wider audience and increase sales.
Year Round Opening Potential - Currently open 10 months, there's an incredible opportunity to capitalize on untapped revenue by keeping the doors open year round. You can make this a go-to spot for locals regardless of the time of year.
Prime Location: Situated in a high traffic area.
This is more than just a business, it's a chance to own a beloved local institution. With a strong foundation already in place, you can take this restaurant to the next level, maximizing its potential and increasing profitability.
Dont miss out on the opportunity to carry on this restaurant's legacy while making your own mark,
Beloved local restaurant with endless potential!!!
This longstanding local restaurant has been a cherished dining destination for years, known for breakfast, lunch and irresistible ice cream treats. With a devoted following, this establishment is not just a restaurant but a community staple!
Room for Growth: Operating only for b/l, there immense potential to expand menu and offerings introducing dinner service, seasonal specials or themed nights.
Delivery service opportunity: Food delivery is here to state. You can implement delivery service(s) to reach a wider audience and increase sales.
Year Round Opening Potential - Currently open 10 months, there's an incredible opportunity to capitalize on untapped revenue by keeping the doors open year round. You can make this a go-to spot for locals regardless of the time of year.
Prime Location: Situated in a high traffic area.
This is more than just a business, it's a chance to own a beloved local institution. With a strong foundation already in place, you can take this restaurant to the next level, maximizing its potential and increasing profitability.
Dont miss out on the opportunity to carry on this restaurant's legacy while making your own mark,
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,400 SF
Building Class
C
Year Built
1987
Price
$1,000,000
Price Per SF
$294
Business Value
$750,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.50 AC
Zoning
Commercial - Commercial
Parking
35 Spaces (10.29 Spaces per 1,000 SF Leased)
Frontage
80 FT on st mihiel
Amenities
- Bus Line
About 59 Saint Mihiel Dr , Riverside, NJ 08075
Long time restaurant on 1/2 acre on very busy St. Mihiel Dr. Therre is possible value add to the asset by making this a fullyear operation vs 10 months. Ample parking. Scenic location
PROPERTY TAXES
| Parcel Number | 10-00001-0000-00031-04 | Total Assessment | $195,800 (2024) |
| Land Assessment | $78,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $117,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
10-00001-0000-00031-04
Land Assessment
$78,800 (2024)
Improvements Assessment
$117,000 (2024)
Total Assessment
$195,800 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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59 Saint Mihiel Dr
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