175 N Main St

175 N Main St , Wharton, New Jersey, 07885 | 20,000 sq.f | $ 3,400,000

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About This Restaurant

Investment Highlights

over 19,000 cars go by property daily Open Floor plan with many windows .on the water Lots of natural light over 150 windows

Executive Summary

Sales does not include CJ Steak House with 110 seats indoors and 113 seats outdoors on the water. Property has 47 parking spots with 60 valet parking spots in close proximity. Sale with Restaurant includes liquor License. CJ's has been open for just over a year and growing nicely... trending at !.2 million presently with 1.5 million trend by June of 2023. In addition there is 130 foot water tower with two cell carriers as tenants. There is room for many more carriers as they expand.

Property Details

  • Sale Type    Owner User
  • Sale Condition    Redevelopment Project
  • Property Type    Office
  • Property Subtype    Loft/Creative Space Loft/Creative Space General Retail Restaurant Loft/Creative Space
  • Building Size    20,000
  • Building Class    B
  • Year Built/Renovated    1885/2015
  • Price    3,400,000
  • Price Per SF    170
  • Percent Leased    Vacant
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Typical Floor Size    10,000
  • Slab To Slab    14?
  • Building FAR    0.46
  • Land Acres    1.00 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • 24 Hour Access
  • Atrium
  • Bus Line
  • Food Service
  • Pond
  • Restaurant
  • Waterfront
  • High Ceilings
  • Natural Light
  • Food Service
  • Partitioned Offices
  • Outdoor Seating
  • Air Conditioning

Property Taxes

Parcel Number 39-00301-0000-00001 Improvements Assessment $1,477,000
Land Assessment $1,477,100 Total Assessment $40,000 (2.00/SF)
Date Created: 2024-07-16 04:17:58 Last Updated: 2024-07-16 04:17:58
Address: 175 N Main St , Wharton, New Jersey, 07885