1 Madison Ave, Mount Holly, NJ 08060
- $639,900
- 3,200
- SqFt
- List Price
- $639,900
- Days on Market
- 13
- Status
- ACTIVE
- MLS#
- NJBL2072340
- Living Area
- 3,200
- Style
- Other
- Year Built
- 1900
- County
- Burlington
- 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). 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. All tenants pay their own utilities and the water bill is split 3 ways between the tenants. PLEASE DO NOT APPROACH THE OWNER OF ZADDY'S RESTAURANT. Make your offer before it's too late !!!
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Additional Information
- Area
- Mount Holly Twp (20323)
- Taxes
- $6695.22
- Interior Features
- Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Curved Staircase, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Gourmet, Store/Office, Wood Floors, Additional Stairway
- School District
- Rancocas Valley Regional Schools
- Elementary School
- John Brainerd E.S.
- Middle School
- Holbein
- High School
- Rancocas Valley Reg. H.S.
- Flooring
- Tile/Brick
- Exterior Features
- Exterior Lighting, Flood Lights, Sidewalks
- Heating
- Wall Unit
- Heating Fuel
- Natural Gas
- Cooling
- Wall Unit
- Roof
- Flat, Shingle, Metal
- Utilities
- Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of EXP Realty, LLC. Contact: 8662016210
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