Seller Financing
Address
Westfield Avenue Pennsauken, NJ
Price
$ 229,000
Property Attributes
  • MLS#NJCD416062
  • TypeCommercial
  • CountyCAMDEN
  • CityPennsauken
  • AreaPennsauken Twp
  • Zip08110
  • StyleRestaurant/Bar
  • Taxes$ 3469
  • Price$ 229,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1250
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Century 21 Thomas Realty Inc
Data Source:
Bright MLS - 382 - MD
Property Description

Unique opportunity to acquire an acclaimed and successful Deli/Catering business that has been operational for over 60 years.  The low price of $229,000 includes the Business itself, the Deli and its storefront (1250 sf) with off-premise catering, Goodwill & Name Recognition, Furniture, Fixtures and Equipment dedicated to the Deli store front, and Low-mileage catering van. (inventory not included). Included with the sale are the long-held recipes of homemade Italian cuisine and the well-respected name of the Business.  This well known, popular Delicatessen has been busier than ever - even now - since it has always been a pick-up/take-out establishment.  In fact, Deli sales have increased steadily since July 2020, exceeding the previous year's total sales (Deli & Catering) just about every month.  Total sales for Jan 2021 were 46% higher than Jan 2020, and off-premise catering sales are now returning to more normal levels, even with no marketing.  2021 total revenue for the Deli and off-premise catering  is expected to exceed that of any of the past 4 years.  The parking lot is Township owned, maintained and plowed; a significant savings to the business.  Each unit has separate utilities.  Seller Financing will be considered.  An Executive Summary with past, current, and projected Proformas and other detailed information is available. Financial information and showings are available to serious, qualified buyers only.  The current owners are ready to retire and offer this unique opportunity to a savvy entrepreneur.  A 30-dayTraining/Transition period is available. The adjoining catering hall store front (1250 sf) is available separately (NJCD416064) or as a package with the Deli store front, which would add on-premise catering to the total revenue (NJCD392196).

Price History
3/29/2021 Listed $259,000
4/20/2021 12% - $229,000

General Features

Acceptable Financing Conventional, Seller Financing
Accessibility None, Grab Bars Mod
Business Type Restaurant/Bar, Other
Construction Materials Block
Cool Fuel Natural Gas
Cooling Central A/C
County CAMDEN
Days on Market 177
Exclusions List of Equipment, Fixtures and Furniture excluded are listed in the Executive Summary and available from the Listing Agent.
Flooring Vinyl
Heating Forced Air
Location Type Business District
MLS Area Pennsauken Twp (20427)
Municipality PENNSAUKEN TWP
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 183.2
Property SubType Mixed Use
Property Type Commercial Sale
PropertyCondition Very Good
Roof Flat
Security Features Carbon Monoxide Detector(s), Security System
Sewer Public Sewer
Tax Annual Amount 3469.82
Tax Year 2021
Total Units 2
Utilities Cable TV, Multiple Phone Lines
Vacation Rental Y/N No
Water Access Y/N No
Zoning 7C

Interior Features

Central Air Y/N Yes
Entry Level 1
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 1

Exterior Features

Building Area Total 1250.00
Car Parking Spaces 50
Fencing Y/n No
Foundation Details Slab
Inclusions List of Equipment, Fixtures and Furniture included are listed in the Executive Summary and available from the Listing Agent.
Lot Dimensions 37 x 140
Lot Features Landscaping
Lot Size Acres 0.12
Lot Size Source Estimated
Lot Size Square Feet 5180.00
Navigable Water Y/N No
Road Frontage Length 37
Road Responsibility Boro/Township
Road Surface Type None
Total Parking Spaces 50
Type of Parking Parking Lot, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 08110

Price
AVG $380K
$230K
Taxes
AVG $7,491
$3,469
Visits
AVG 95
107
Walkscore
AVG 56
69
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.