Alloway, NJ 08001,433 TELEGRAPH RD
Alloway, NJ 08001,433 TELEGRAPH RD
Alloway, NJ 08001,433 TELEGRAPH RD
29
$650,000
$995,000
34.7%
Est.Price: ?

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4,160 SqFt

433 TELEGRAPH RD Alloway, NJ 08001

Est. payment /mo
SOLD DATE : 07/01/2022

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Key Details

Sold Price $650,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $156

MLS Listing ID NJSA2000692

Sold Date 07/01/22

HOA Y/N N

Originating Board BRIGHT

Year Built 1975

Annual Tax Amount $15,209

Tax Year 2021

Lot Size 4.600 Acres

Acres 4.6

Lot Dimensions 0.00 x 0.00

Property Description

Well-established restaurant, bar and package goods business in Historic Alloway Twp. Established in 1975 the Alloway Village INN has been a successful establishment with great revenue and cash flow. This Bar, Restaurant and Package Goods business is a landmark in Salem County and offers a nice family atmosphere for dining, relaxing and fun. Plenty of room to expand this 4000 square foot property is situated on 4.33 acres and includes an asphalt parking lot for approximately 50 cars. Seating for about 75 patrons including both full-length bar and table seating. Current allowable occupancy is 199 patrons per local fire code. The Liquor License is a Class 33 (allows for 1/3 package goods and 2/3 bar/restaurant business) and is included in the sale. The Package Goods Business includes the sale of Beer, Wines and Spirits and there is a separate entrance for the package goods area with plenty of shelving. The interior of the building has recently been renovated and improvements have been made. There are 3 package good refrigerators for beer, wine and cold beverages. Fully Equipped Commercial Kitchen & Storage (Dry storage 300 square feet and cold storage 300 square feet). See list of included equipment. There is also a nice-size office. Back pool room is set up with 2 pool tables and dart boards but could easily be converted into a room for private parties. Live music on weekends throughout the year and the popular Crab Fests on Sundays are a staple during the Summer Months. Many other fun events are held here such as Bar Runs and Office Parties throughout the year. Beer, Wine and Spirits inventory is not included in the sale, but can be negotiated separately. Property will be tied into public sewer at the owners expense prior to closing.

Location

State NJ

County Salem

Area Alloway Twp (21701)

Zoning COMM

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Oil

Exterior

Garage Spaces 54.0

Utilities Available Propane

Waterfront N

Water Access N

Accessibility None

Total Parking Spaces 54

Garage N

Building

Sewer On Site Septic

Water Well

New Construction N

Schools

School District Alloway Township Public Schools

Others

Tax ID 01-00062-00002 01

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Anthony L Morda • Century 21 Town & Country Realty - Woodstown
Bought with Non Member • Non Subscribing Office

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Mike Fielder

Sales Director, Realtor | License ID: 662897

+1(410) 905-6678

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