NJ
BURLINGTON
MOUNT HOLLY
08060
1 MADISON AVENUE
1 MADISON AVENUE, MOUNT HOLLY, NJ 08060
Listing Type
Commercial/Industrial
Listing Status
active
37
$599,900

Home Details for 1 MADISON AVENUE

Price
$599,900
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1900
Lot size acres
0.19
County
BURLINGTON
Garage
Days on site
171
MLS Listing#
NJBL2071164
Listing Courtesy: EXP Realty, LLC - 866-201-6210
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 !!!

Property Features
  • Utilities
    • Cable Available
    • Underground Utilities
    • Water Available
    • Sewer Available
    • Natural Gas Available
    • Electricity Available
  • Cooling Information
    • Wall Unit(s)
    • Gas
  • Parking
    • On Street
    • Parking Lot
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
School Information
School Information for 1 MADISON AVENUE, MOUNT HOLLY, NJ 08060
Elementary School
JOHN BRAINERD E.S.
Middle School
HOLBEIN
High School
RANCOCAS VALLEY REG. H.S.
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Last Updated: 2024-12-19 02:56:23
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EXIT REALTY JP ROTHERMEL
5 Wilkins Station Rd, Medford, NJ 08055
Office
609 714 3948
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