{"id":19575,"date":"2026-07-22T22:57:53","date_gmt":"2026-07-23T03:57:53","guid":{"rendered":"https:\/\/1reason.com\/re\/court-ordered-auction-offers-rare-opportunity-to-acquire-turnkey-restaurant-banquet-property-with-existing-on-premises-liquor-license\/19575\/"},"modified":"2026-07-22T22:57:53","modified_gmt":"2026-07-23T03:57:53","slug":"court-ordered-auction-offers-rare-opportunity-to-acquire-turnkey-restaurant-banquet-property-with-existing-on-premises-liquor-license","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/court-ordered-auction-offers-rare-opportunity-to-acquire-turnkey-restaurant-banquet-property-with-existing-on-premises-liquor-license\/19575\/","title":{"rendered":"Court-Ordered Auction Offers Rare Opportunity to Acquire Turnkey Restaurant & Banquet Property with Existing On-Premises Liquor License"},"content":{"rendered":"
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\n \"Restaurant\/Catering
Restaurant\/Catering Hall with Liquor License160 Lincoln Ave, Hawthorne, NJ 07506<\/figcaption>
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HAWTHORNE, N.J., July 23, 2026 (GLOBE NEWSWIRE)<\/a> — Auction Advisors will conduct a court-ordered auction of a prominent restaurant and banquet property located at 160 Lincoln Avenue in Hawthorne on Tuesday, August 18, 2026.<\/p>\n

This offering presents an exceptionally rare opportunity to acquire an established hospitality property together with a New Jersey Plenary Retail Consumption Liquor License already associated with the premises<\/strong>\u2014a combination that is increasingly difficult to find in New Jersey. Offered in a single transaction, the sale provides purchasers with the opportunity to acquire the real estate, liquor license, and restaurant assets in one acquisition, significantly reducing the time, expense and uncertainty typically involved in developing a comparable hospitality venue.<\/p>\n

\u201cOpportunities like this rarely come to market,\u201d<\/em> said Oren Klein of Auction Advisors. \u201cNew Jersey liquor licenses are limited in number, highly valuable, and often among the most difficult and expensive components of opening a restaurant or event venue. Because this license has historically operated at the property, a buyer has a significant head start compared to acquiring a vacant building and attempting to obtain or relocate a license. Combined with the existing restaurant improvements, banquet facilities and extensive parking, this property is uniquely positioned for a wide range of hospitality uses, subject to required state and local approvals.\u201d<\/em><\/p>\n

The two-story masonry commercial building contains approximately 9,000\u00b1 square feet<\/strong> and is supported by 54 parking spaces<\/strong> \u2014 an uncommon amenity for a hospitality property in Northern New Jersey.<\/p>\n

The offering includes:<\/p>\n