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Micah Yerk

DeSatnick Real Estate, LLC

myerk@desatnickrealestate.com +1(609) 886-6000

$ 6,999,999

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314 42nd Street Sea Isle City, NJ 08243

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Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

MLS Listing ID 253201

Year Built 1970

Annual Tax Amount $15,569

Tax Year 2024

Lot Dimensions 9,500

Property Sub-Type Restaurant

Property Description

One of the most sought out dining and entertainment destinations in Sea Isle City, The Oar House Pub, is now available for sale. Since its inception in 1970, originally as The Lobster Loft, this establishment has served and provided entertainment to hundreds of thousands of customers and continues to do so to this day. Situated on the bay on 42nd Street The Oar House Pub is the only restaurant in Sea Isle City that can offer food, adult beverages, and live entertainment while taking in beautiful waterfront views. The main floor includes 3 separate bars. Two with full dining areas that can accommodate 200 guests. Also in this area is a full stage where bands and musicians can continue to entertain as they have for over 5 decades. The front bar can seat 25 eat at the bar patrons as well as additional table seating. The second floor bar can entertain 100 guests and is an ideal space to host private party's and banquets. The outside "Alley Bar" also provides live entertainment and can serve 40 guests. Ride your boat through the bay and dock it at the bars slips. All on site kitchen equipment is included in the sale as well as additional warehouse stored equipment. All tables, booths, dinnerware, flatware, linens and everything falling under the category of bar equipment are included. The sale price includes the purchase of the business, the building, specified contents, and the liquor license The purchase options are multiple. Buying the Oar House Pub and liquor license and continuing the tradition of providing great food, beverages, and entertainment being one. The property is zoned commercial and residential so the development of residential units with commercial space is another option. This is a unique opportunity for the right buyers to own and operate an iconic piece of Sea Isle City history.

Location

State NJ

County Cape May County

Area Sea Isle City

Zoning Commercial

Location Details Bay Front,Island,Inlet,Water Front,Water View

Interior

Interior Features Handicap Features, Restroom, Smoke/Fire Alarm, Storage

Hot Water Gas

Heating Gas Natural, Forced Air

Cooling Central Air Conditioning

Flooring Hardwood, Linoleum/Vinyl

Exterior

Exterior Feature Dock/Pier/Slip, Restrooms, Storage Building, Sign

Parking Features 11 Or More Spaces, Off Street, Paved

Building

Lot Description Bay Front, Island, Inlet, Water Front, Water View

Sewer City

Water City

Structure Type Wood/Frame

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Listed by SEA ISLE REALTY

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Micah Yerk

Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889

+1(609) 886-6000

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Micah Yerk

314 42nd Street Sea Isle City, NJ 08243

Key Details

Location

Interior

Exterior

Building

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314 42nd Street