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1 Madison Avenue

MOUNT HOLLY, NJ 08060
  • $639,900
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: NJBL2071164
$639,900
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

Elementary School:
Middle School:

Description

GREAT INVESTMENT OPPORTUNITY FOR SMALL BUSINESS OWNERS AND ENTREPRENEURS! This is a must-see for anyone looking to start their own business. Check it out before it's too late! Spacious 1st Floor RETAIL space located in downtown historical Mount Holly with low monthly rent. It's currently a restaurant. This is a place where you can upstart and grow your own business. It's in the UEZ Commercial zone and has a diverse number of uses for your own business, including a restaurant, bar, beauty salon/barber shop, art gallery, coffee shop, and so much more potential (obtain more information on applications for funding via possible grants or loan applications to outfit your business from the County or State UEZ Department). This storefront was previously used as a food service shop and has a walk-in refrigerator included and a mop sink. It hosts two bathrooms with extra space to outfit another one if you desire, (consult a Licensed Contractor). This building is being sold as-is. There are 3 built-in heating/air conditioning units already in place, and also have ductwork and hookups available if you want to install a condenser unit to convert to central air and heat (consult a licensed contractor). There is an opportunity to also subdivide the business into 2 or 3 business opportunities (must be approved by the township planning board). There are 2 separate front door entrances in the front and a rear door entrance as well. In the store, all bathrooms, floorings, and kitchen was completely renovated. The roof is metal and had a partial replacement. All commercial windows, front doors, and apartment windows were replaced. The plumbing and electrical were updated. All new gutters were recently installed. The restaurant downstairs, 2 bedroom apartment and 1 bedroom apartment upstairs, are fully leased. The restaurant is paying $2,275.00 a month; the 1 bedroom apartment upstairs is currently paying $1,650.00 a month rent; and, the 2 bedroom apartment upstairs is currently paying $1,850.00 a month rent, bringing the total monthly rent to $5,775.00 a month revenue, $69,300 gross income. All tenants pay their own utilities and the water bill is split 3 ways between the tenants. This building is in a great location down the street from Virtuan Hospital and at the corner of Madison and Washington streets where the NJ Transit bus stop is located. PLEASE DO NOT APPROACH THE OWNER OF ZADDY'S RESTAURANT. Make your offer before it's too late !!!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-04T23:52:15.873.
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1 Madison Avenue MOUNT HOLLY, NJ 08060

  • Price: $639,900
  • Status: Active
  • On Site: 42 Days
  • ID#: NJBL2071164
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1900
Built
Neighborhood:
Mount Holly Twp (20323)
County:
Burlington
Area:
Mount Holly Twp (20323)
Elementary School:
John Brainerd E.S.
Middle School:
Holbein
High School:
Rancocas Valley Reg. H.S.
School District:
Rancocas Valley Regional Schools
Property Description
GREAT INVESTMENT OPPORTUNITY FOR SMALL BUSINESS OWNERS AND ENTREPRENEURS! This is a must-see for anyone looking to start their own business. Check it out before it's too late! Spacious 1st Floor RETAIL space located in downtown historical Mount Holly with low monthly rent. It's currently a restaurant. This is a place where you can upstart and grow your own business. It's in the UEZ Commercial zone and has a diverse number of uses for your own business, including a restaurant, bar, beauty salon/barber shop, art gallery, coffee shop, and so much more potential (obtain more information on applications for funding via possible grants or loan applications to outfit your business from the County or State UEZ Department). This storefront was previously used as a food service shop and has a walk-in refrigerator included and a mop sink. It hosts two bathrooms with extra space to outfit another one if you desire, (consult a Licensed Contractor). This building is being sold as-is. There are 3 built-in heating/air conditioning units already in place, and also have ductwork and hookups available if you want to install a condenser unit to convert to central air and heat (consult a licensed contractor). There is an opportunity to also subdivide the business into 2 or 3 business opportunities (must be approved by the township planning board). There are 2 separate front door entrances in the front and a rear door entrance as well. In the store, all bathrooms, floorings, and kitchen was completely renovated. The roof is metal and had a partial replacement. All commercial windows, front doors, and apartment windows were replaced. The plumbing and electrical were updated. All new gutters were recently installed. The restaurant downstairs, 2 bedroom apartment and 1 bedroom apartment upstairs, are fully leased. The restaurant is paying $2,275.00 a month; the 1 bedroom apartment upstairs is currently paying $1,650.00 a month rent; and, the 2 bedroom apartment upstairs is currently paying $1,850.00 a month rent, bringing the total monthly rent to $5,775.00 a month revenue, $69,300 gross income. All tenants pay their own utilities and the water bill is split 3 ways between the tenants. This building is in a great location down the street from Virtuan Hospital and at the corner of Madison and Washington streets where the NJ Transit bus stop is located. PLEASE DO NOT APPROACH THE OWNER OF ZADDY'S RESTAURANT. Make your offer before it's too late !!!
Exterior Features

Construction Materials Vinyl SidingBrick Garage YN No Location Type Downtown Parking Features Public Parking Types Parking Lot Property Condition Very Good Road Responsibility Boro/Township Roof FlatShingleMetal Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3200.00 Cooling Wall Unit Exclusions Zaddy's restaurant business downstairs and tenant's personal belongings upstairs in both aparments. Flooring Tile/Brick Heating Wall Unit Heating YN Yes Inclusions 2 air conditioning/heating unitstwo bathrooms from commercial space; 2 stackable washer and dryers2 microwaves2 refrigerators2 stoves1 dishwashersand 4 window air conditioning units from both apartments upstairs inclusive. Net Square Feet 3200.00

Property Features

Acceptable Financing CashOther Accessibility Features None Central Air YN No Cooling Fuel Natural Gas Cross Street MILL Electric 200+ Amp Service Foundation Details Concrete Perimeter Gross Income 69300.00 Heating Fuel Natural Gas Hot Water Natural Gas Maintenance Expense 1000.00 Municipality MOUNT HOLLY TWP Navigable Water YN N New Construction YN No Original MLSNumber 803292740718 Owner Pays SewerTaxes - Real EstateInsurance Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6695.22 Total Actual Rent 69300.00 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhoneCable TV AvailableUnder Ground Vacation Rental YN No Water Source Public Zoning COMM

Listing courtesy of EXP Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-04T23:52:15.873.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042