Homes for sale - 1 MADISON AVE, Mount Holly, NJ 08060

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Alee Heidar

alee.heidar@engelvoelkers.com +1(206) 966-1792

$ 599,900

Est. payment -/mo

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Price Dropped by $40K

1 MADISON AVE Mount Holly, NJ 08060

3,200 SqFt

UPDATED:

11/22/2024 03:36 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $187

MLS Listing ID NJBL2071164

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,695

Tax Year 2023

Lot Size 8,120 Sqft

Acres 0.19

Lot Dimensions 56.00 x 145.00

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 !!!

Location

State NJ

County Burlington

Area Mount Holly Twp (20323)

Zoning COMM

Interior

Hot Water Natural Gas

Heating Wall Unit

Cooling Wall Unit

Flooring Tile/Brick

Inclusions 2 air conditioning/heating units, two bathrooms from commercial space; 2 stackable washer and dryers, 2 microwaves, 2 refrigerators, 2 stoves, 1 dishwashers, and 4 window air conditioning units from both apartments upstairs inclusive.

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground

Water Access N

Roof Type Flat,Shingle,Metal

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 6

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools John Brainerd E.S.

Middle Schools Holbein

High Schools Rancocas Valley Reg. H.S.

School District Rancocas Valley Regional Schools

Others

Tax ID 23-00070-00015 01

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

Listed by Angeline Marie Martin • EXP Realty, LLC

Alee Heidar

Principal Broker | License ID: 126102

+1(206) 966-1792

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