$639,900
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1 Madison Avenue Mount Holly, NJ 08060 Municipality: Mount Holly Twp
Single Family
Residence
Beds
Baths
Sq. Ft.
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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 restau...rant. 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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MLS#
NJBL2072340
Property Type
Single Family
Year Built
1900
Price per Sq. Ft.
$199.97
Sewer
Public Sewer
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