Address
3505 Route 9 South Route Rio Grande, NJ
Price
$ 3,500,000
Property Attributes
  • MLS#203636
  • TypeCommercial
  • CountyCAPE MAY
  • CityRio Grande
  • AreaRio Grande
  • NeighborhoodMiddle Township
  • Zip08242
  • StyleRestaurant
  • Year Built1960
  • Taxes32058
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
LONG & FOSTER REAL ESTATE, INC cm
Property Description

Successful turn-key, year-round Restaurant/Bar, in operation for more than 35 years, "The Rio Station", with approximately 199 indoor and 70 outdoor seats, in the heart of the busiest commercial district in Cape May County! Included in the sale: the business, equipment, fixtures, Class-C liquor license, land PLUS an extra huge vacant .94-acre lot to the North and next to the subject property. The total of both parcels measures approximately 1.29 Acres. This is the only restaurant in the vicinity with a liquor license! So many ways to monetize this existing business and location. Use your imagination! Increase the size of the liquor store? Sell Lottery tickets? Add live entertainment, wing night, karaoke, trivia, build up on the restaurant up to 35’, sell off the vacant lot or build it out or rent it out and make income! The possibilities are endless! See associated docs for survey (note an easement between the lots), permissible uses as per Middle Township Zoning and confidentiality agreement for financials. Owner’s personal wine collection not included.

Price History
9/22/2020 Listed $3,500,000

General Features

Cooling Central Air Conditioning, Multi-Zoned
Exterior Features Restrooms, Storage Building
Flooring Hardwood, Linoleum/Vinyl
Heating Forced Air, Gas Natural, Multi-Zoned
Interior Features Restroom, Smoke/Fire Alarm, Storage
Parking 11 Or More Spaces, Other (See Remarks)
Type Restaurant
Water City
Zoning TC

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

Property vs Zip Code Average in 08242

Price
AVG $1.88M
$3.5M
Taxes
AVG $21,067
$32,058
Visits
AVG 38
12
Year Built
AVG 1949
1960
Walkscore
AVG 54
60
Data Provided by Walkscore ® not using MLS data

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