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$ 3,100,000
Est. payment | /mo
12,000 SqFt
$ 3,100,000
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $258
MLS Listing ID NJAC2014564
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $27,501
Tax Year 2023
Lot Size 8,699 Sqft
Acres 0.2
Lot Dimensions 75.00 x 116.00
Property Description
Commercial Property Description for Santucci's Bar & Restaurant Discover an exceptional investment opportunity with Santucci's, a thriving bar and restaurant located in a prime area. This versatile property encompasses approximately 9,000 square feet of indoor space and an expansive 3,000 square feet of outdoor deck, perfect for enjoying al fresco dining and entertainment. Key Features: Turnkey Opportunity: The purchase includes a valuable liquor license, the Santucci's franchise rights, and all necessary kitchen equipment, making it a seamless transition for any investor. Restaurant & Bar: The main dining area is fully equipped with a bar featuring an inviting ambiance, arcade games, and pool tables that attract a diverse clientele. The space is designed for both casual dining and lively nightlife, making it a community favorite. Outdoor Deck: The expansive outdoor deck boasts two bars on the upper level and a bar on the first floor, creating a vibrant atmosphere for gatherings and events. This outdoor space is ideal for hosting parties, live music, and seasonal events. Mixed Use Units: Next to the restaurant, you’ll find two well-appointed fully renovated 2-bedroom, 1-bath apartments, providing potential rental income or owner-occupied living. Each unit is spacious and designed for comfort. Store Front Space: The property includes a dedicated store front area, offering flexibility for management or additional revenue potential through rental. This property presents a unique chance for investors looking to enter the hospitality industry or expand their portfolio. With its combination of dining, entertainment, and residential opportunities, Santucci's is poised for continued success and growth. Don't miss your chance to own a piece of this vibrant community landmark!
Location
State NJ
County Atlantic
Area Ventnor City (20122)
Zoning C
Interior
Hot Water Tankless
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ventnor City Schools
Others
Tax ID 22-00121-00004 01
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Michael Anthony Marotta • Keller Williams Realty - Wildwood Crest
