Property Listing No Longer Available for Sale

433 Telegraph Road, Alloway, NJ

Retail for Sale - $995,000 - 4,160 Sq. Ft. on 4 acres


Property Info

CIMLS#1098956
Location
  433 Telegraph Road
  Alloway NJ 08001
UpdatedMarch 1st, 2022
TypeRetail
Price$995,000
Building4,160 Sq. Ft.
Land4 acres

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 standing cold cases/freezers for beer and cold beverages and 1 soda case as well. 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 owner’s expense prior to closing.


Financials