Lisa Cotton - Coldwell Banker Hearthside
401 N Broadway
GLOUCESTER CITY, NJ 08030

Description

O'Donnell's seats 160 customers including a private room that accommodates 70 and a 40 seat bar with a great atmosphere for parties, birthdays, showers, or any occasion! There is always plenty of parking on site. O'Donnell's is the first restaurant/pub in walking distance from Holtec International Technology Center which is in the process of hiring over 400 new high paid workers on 3 shifts. There are over 1000 port workers on at any time within walking distance from O'Donnel's and it is the first bar/restaurant located directly in line with all of these high-density employee locations! O'Donnell's Restaurant & Bar has been in business since 1923 when KO Joe O'Donnell, former lightweight champion of the world, opened this Pub. This property is also for lease with a Purchase of the business at $245,000 and lease at $3,500 per month. Or you can purchase outright for $695,000. The $245,000 value for the business represents the use of the liquor license and the value of the ongoing business. Any Liquor License conveyance expenses and inventory will apply. Great upside revenue as area employment soars and with new on-site management. Currently management is off-site this amounts to high food and beverage costs!!! Established local customer base. Large Parking lot Repeat business from social clubs and established organizations Possible 3 bedroom apartment more tables on the upper level. For Lease with the sale of the business at $245,000 including use of Liquor License.

Details

MLS#1002150756
StyleIndustrial
Sub-TypeResale
StatusActive
Year1928
Days On Site75

Features

Story(s)0
ZoningCOM

Market Activity 08030

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Area Information

StateNJ
CityGLOUCESTER CITY
Zip Code08030
AreaGloucester City (20414)
Listing VS Median (in 08030)
Price:
$695,000
low | high
Med:
$89,700
100% of Average
On Site:
75
low | high
Med:
23
100% of Average
Listing Updated: 10/16/2018
MLS Number: 1002150756
Listing Provided By:
Ralph A Rizziello  of  Keller Williams Realty - Moorestown

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