O'Donnells Restaurant and Bar "A Pub"

Listing was updated at: 10/11/2020
Property Overview
Price/Rent PSF $ 695,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 11,000
Date Available 10/05/2020
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Description

Location
O’Donnell’s seats 160 customers including a private room that accommodates 70 and a 40 seat bar with a great atmosphere for parties, birthdays, showers, or any occasion! There is always plenty of parking on site. O’Donnell’s is the first restaurant/pub in walking distance from Holtec International Technology Center which is in the process of hiring over 400 new high paid workers on 3 shifts. There are over 1000 port workers on at any time within walking distance from O’Donnel’s and it is the first bar/restaurant located directly in line with all of these high-density employee locations! O’Donnell’s Restaurant & Bar has been in business since 1923 when KO Joe O’Donnell, former lightweight champion of the world, opened this Pub. This property is also for lease with a Purchase of the business at $245,000 and lease the building for $3,500 per month. Or you can purchase outright for $695,000. The $245,000 value for the business represents the use of the liquor license and the value of the ongoing business. Any Liquor License conveyance expenses will apply.

Sale
O’Donnell’s seats 160 customers including a private room that accommodates 70 and a 40 seat bar with a great atmosphere for parties, birthdays, showers, or any occasion! There is always plenty of parking on site. O’Donnell’s Restaurant & Bar has been in business since 1923 when KO Joe O’Donnell, former lightweight champion of the world, opened this Pub. This property is also for lease with a Purchase of the business at $295,000 plus conveying expenses for the Class C (33) liquor license

Lease
With the purchase of the business at $295,000 the tenant can lease the building and have use of the liquor license for $3500/month.

Location