5397 Somers Point Road

Mays Landing, NJ
$ 399,900 Beds 0 Baths 2
Monthly Estimate* How much can I afford?

Turn-key Business Opportunity in the Heart of Mays Landing with Planetary "Class C" Liquor License. The Riverside Restaurant and Tavern has been family owned for over 22 years and is a staple in the Township of Hamilton with years of memories and now this property could be yours! This property sits on 3.15 acres and has a seating capacity of about 100 people. Best of all, it sits on one of the busiest routes to the Shore with up to 7,000+ vehicles on a summer weekend. Rt. 559 is also considered to be the Counties Alternate Flood Evacuation Route. The Pool Tables, Change Machine, ATM, Music Machine (AMI) is leased through Bill's Vending. The Ansul System was updated in 2018 and recently passed an inspection. Ducts were all cleaned in winter of 2019. Central Air units were installed around 2009. Building comes with a security system and alarm system. Current owners put in a lot of time and money into this property. and it's been a labor of love. The walk-in is 16' x 10'. Kitchen has a Pizza Oven, two (2) fryers, Two Gas Gas Ovens with Grill, 6-burners and Flat Top Griddle, Ice Machine, Meat Slicer, Microwave, One (1) Upright Freezer, Refrigerated Cold Cut/Salad Station, Handwashing Sink and Wash/Rinse/Sanitize Sink. The Dining area has High Tops with two (2) Pool Tables and Darts for Entertainment. Popular Pool Tournaments have been held here. The Bar Area has an eight (8) keg Beer Meister with the potential of twelve (12), Nine (9) bag-in-the box soda dispenser, Sink Area, Ice Area for Cold Beer and a Cashiers Area. There is a Refrigerated Cooler in the dining area for Package Goods. Exterior has pitched truss roof with newer Timberland 3-Dimensional Shingles. The back shed is 12' x 24'. Exterior front previously had windows there and is still approved for those windows if you wanted to convert back, they are behind the wall. There is Outdoor Seating available and plenty of Parking. This property has been well-maintained and updated over the past several years and has recently passed all inspections. Many things with this property are grandfathered in. Keep it as a restaurant/bar or use your creative idea's to turn into something else. You have plenty of traffic that goes by. Micro Brewery? Deli? The Best Bar in Town? The possibilities are endless as the new owner(s) of the Riverside Tavern!

Commercial

  • Price
  • $ 399,900
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 2
  • Year Built
  • 1979
  • Half Bathrooms
  • 0
  • City, Zip
  • Mays Landing
  • Taxes
  • 8377
  • County
  • ATLANTIC
  • Style
  • Restaurant
  • Area
  • MLS#
  • 202203
  • Zip
  • 08330
Listing Provided by: Better Homes and Gardens Real Estate Maturo Realty Group
Data Source: Cape May County MLS

Features

General

Bathrooms 2
Cooling Ceiling Fan, Central Air Conditioning
Exterior Features Other (See Remarks)
Heating Gas Natural
Interior Features 220 Volt Electricity, Restroom, Security System
Parking 11 Or More Spaces, Off Street
Type Restaurant
Water Public
Zoning GA-L

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

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Moorestown, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/30/2020 Listed $399,900

Property vs Zip Code Average in 08330

Price
AVG $460K
$400K
Taxes
AVG $9,849
$8,377
Visits
AVG 238
16
Year Built
AVG 1914
1979
Walkscore
AVG 34
15
Data Provided by Walkscore ® not using MLS data

Map

5397 Somers Point Road Mays Landing, NJ is a Single Family Home for sale at $399900 and a lot size of Acre(s). 5397 Somers Point Road Mays Landing has 0 bedrooms, 2 baths and was built in 1979. The property's zip code is 08330 which is in Mays Landing, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.