3505 Route 9 South Route

Rio Grande, NJ
$ 3,500,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Successful turn-key, year-round Restaurant/Bar, in operation for more than 35 years, "The Rio Station", with approximately 199 indoor and 70 outdoor seats, in the heart of the busiest commercial district in Cape May County! Included in the sale: the business, equipment, fixtures, Class-C liquor license, land PLUS an extra huge vacant .94-acre lot to the North and next to the subject property. The total of both parcels measures approximately 1.29 Acres. This is the only restaurant in the vicinity with a liquor license! So many ways to monetize this existing business and location. Use your imagination! Increase the size of the liquor store? Sell Lottery tickets? Add live entertainment, wing night, karaoke, trivia, build up on the restaurant up to 35’, sell off the vacant lot or build it out or rent it out and make income! The possibilities are endless! See associated docs for survey (note an easement between the lots), permissible uses as per Middle Township Zoning and confidentiality agreement for financials. Owner’s personal wine collection not included.

Commercial

  • Price
  • $ 3,500,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1960
  • Half Bathrooms
  • 0
  • City, Zip
  • Rio Grande
  • Taxes
  • 32058
  • County
  • CAPE MAY
  • Style
  • Restaurant
  • Area
  • Rio Grande
  • MLS#
  • 203636
  • Zip
  • 08242
Listing Provided by: LONG & FOSTER REAL ESTATE, INC cm

Features

General

Cooling Central Air Conditioning, Multi-Zoned
Exterior Features Restrooms, Storage Building
Flooring Hardwood, Linoleum/Vinyl
Heating Forced Air, Gas Natural, Multi-Zoned
Interior Features Restroom, Smoke/Fire Alarm, Storage
Parking 11 Or More Spaces, Other (See Remarks)
Type Restaurant
Water City
Zoning TC

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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

$3,068

Per Month

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

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% 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

9/22/2020 Listed $3,500,000

Property vs Zip Code Average in 08242

Price
AVG $1.46M
$3.5M
Taxes
AVG $23,275
$32,058
Visits
AVG 23
1
Year Built
AVG 1956
1960
Walkscore
AVG 55
60
Data Provided by Walkscore ® not using MLS data

Map

3505 Route 9 South Route Rio Grande, NJ is a Single Family Home for sale at $3500000 and a lot size of Acre(s). 3505 Route 9 South Route Rio Grande has 0 bedrooms, 0 baths and was built in 1960. The property's zip code is 08242 which is in Rio Grande, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% 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.