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681 RIVER AVE Lakewood, NJ 08701
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 21,446 sqft
Price per Sqft $37
Subdivision None Available
MLS Listing ID NJOC391496
Sold Date 12/31/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1975
Annual Tax Amount $100,679
Tax Year 2020
Lot Dimensions 279.00 x 300.00
Property Description
Well established Rita's Italian Ice Franchise in highest traffic area in town. Conveniently located in a large strip mall on a major thoroughfare. This is one of the only existing Kosher Rita's locations. Many area kids, sports teams, and schools frequent the shop with long wait lines. Husband and wife team plan to retire once the business is sold but will stay on and help future owners for 6 months. Sale is for business and includes all new condition equipment necessary valued in excess of $200k. Lease is existing for property with 2-5 year extensions. Franchise has just been renewed and fees paid for.
Location
State NJ
County Ocean
Area Lakewood Twp (21515)
Zoning HD7
Interior
Hot Water Electric
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Others
Tax ID 15-00782-00001
Ownership Leasehold
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Non Member • Non Subscribing Office
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