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1 Madison Avenue

MOUNT HOLLY, NJ 08060
  • $599,900
  • STATUS: Active
  • ON SITE: 87 Days
  • ID#: NJBL2072340
Price Reduced
UPDATED: 62 min ago
$599,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,200
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
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 mop sink included. It hosts 2 bathrooms with extra space to outfit another one if you desire, (consult a Licensed Contractor). This building is being sold as-is. There are 2 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 annual 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 Virtua Memorial 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 Kristin & Mike Team of Northrop Realty, A Long & Foster Company. 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: 2024-12-02T16:52:56.143.
www.kmteamrealestate.com/homes/154712347
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1 Madison Avenue MOUNT HOLLY, NJ 08060

  • Price: $599,900
  • Status: Active
  • On Site: 87 Days
  • Updated: 62 min ago
  • ID#: NJBL2072340
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,200
SQFT
$187
$/SQFT
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 mop sink included. It hosts 2 bathrooms with extra space to outfit another one if you desire, (consult a Licensed Contractor). This building is being sold as-is. There are 2 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 annual 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 Virtua Memorial 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

Architectural Style Other Construction Materials Vinyl SidingBrick Exterior Features Exterior LightingFlood LightsSidewalks Garage YN No Location Type Downtown Parking Features PublicPaved Parking Parking Types Parking Lot Patio And Porch Features Breezeway Pool No Pool Property Condition Very Good Road Responsibility Boro/Township Roof FlatShingleMetal Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3200 Appliances Commercial RangeDryer - ElectricDryer - Front LoadingDryer - GasExhaust FanInstant Hot WaterOven/Range - GasRange HoodRefrigeratorWasher - Front LoadingWasher/Dryer StackedWater Heater Basement UnfinishedOtherSide EntranceOutside Entrance Basement YN Yes Cooling Wall Unit Exclusions Zaddy's restaurant business downstairs and tenant's personal belongings upstairs in both aparments. Fireplace YN No Flooring Tile/Brick Heating Wall Unit Heating YN Yes Inclusions Mop sinkinstalled 2 air conditioning/heating unitstwo bathrooms from commercial space; 2 stackable washer and dryers2 microwaves2 refrigerators2 stoves2 dishwashersand 4 window air conditioning units from both apartments upstairs inclusive. Interior Features Bathroom - Stall ShowerBathroom - Tub ShowerBathroom - Walk-In ShowerBreakfast AreaCeiling Fan(s)Combination Kitchen/DiningCurved StaircaseFamily Room Off KitchenKitchen - Eat-InKitchen - GourmetStore/OfficeWood FloorsAdditional Stairway Single Room Units 3 Spa YN No Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Acceptable Financing CashOther Accessibility Features 2+ Access Exits36"+ wide HallsAccessible Switches/OutletsKitchen ModLevel Entry - Main Central Air YN No Cooling Fuel Natural Gas Cross Street MILL Electric 200+ Amp Service Existing Lease Type Month to MonthYearly Foundation Details Concrete Perimeter Heating Fuel Natural Gas Hot Water Natural Gas Municipality MOUNT HOLLY TWP Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 803336313312 Owner Pays Taxes - Real EstateSewer Ownership Interest Other Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Over Storefront 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 Kristin & Mike Team of Northrop Realty, A Long & Foster Company. 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: 2024-12-02T16:52:56.143.
 
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Kristin & Mike Team of Northrop Realty, A Long & Foster Company
10065 Baltimore National Pike
Ellicott City MD, 21042