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324 Whitehead Road

HAMILTON TOWNSHIP, NJ 08619
  • $1,499,000
  • STATUS: Active
  • ON SITE: 1031 days
  • MLS #: 1001762737
UPDATED: 60 min ago
$1,499,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,276
    SQFT
  • $239
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Plenty of opportunity to increase the ROI. This tavern/legal rooming house will provide income from the start, and because it is situated in a commercial district there are so many things that you can do. Historically, this property has been a tavern/nightclub, bar/restaurant. The price includes a Hamilton liquor license that the new owner could sell separately. Main floor being renovated for possible convenience store. There are currently 18 legal rooms rented weekly, at rates from 150-175 per week. Most tenants are long term. License would allow expansion for 31 tenants. The costs include insurance (12k/yr), electric (700/mo), cable (300/mo), oil and gas (3k/yr), phone (58/mo) pest system( 38/mo) that the landlord covers. Tenants pay extra for window air units in summer. Serious buyers may qualify for some owner financing.

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©2021 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 The Dekanski Home Selling Team :: RE/MAX 1st Advantage. 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: 2021-07-26T18:53:19.52.
www.gardenstatehomesearcher.com/homes/88039233
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324 Whitehead Road HAMILTON TOWNSHIP, NJ 08619

  • Price: $1,499,000
  • Status: Active
  • Updated: 60 min ago
  • MLS #: 1001762737
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,276
SQFT
$239
$/SQFT
1900
Built
Neighborhood:
Whitehead Manor
County:
Mercer
Area:
Hamilton Twp (21103)
School District:
Hamilton Township
Property Description
Plenty of opportunity to increase the ROI. This tavern/legal rooming house will provide income from the start, and because it is situated in a commercial district there are so many things that you can do. Historically, this property has been a tavern/nightclub, bar/restaurant. The price includes a Hamilton liquor license that the new owner could sell separately. Main floor being renovated for possible convenience store. There are currently 18 legal rooms rented weekly, at rates from 150-175 per week. Most tenants are long term. License would allow expansion for 31 tenants. The costs include insurance (12k/yr), electric (700/mo), cable (300/mo), oil and gas (3k/yr), phone (58/mo) pest system( 38/mo) that the landlord covers. Tenants pay extra for window air units in summer. Serious buyers may qualify for some owner financing.
Exterior Features

Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Sign On Property YN N Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6276.00 Cooling Wall Unit Fireplace YN No Heating Forced Air Heating YN Yes Net Square Feet 6276.00 Room List Primary Bedroom

Property Features

Accessibility Features None Annual Gross Expense 40120.00 Association YN No Business Type Apartment BuildingBed And BreakfastHotel/Motel Central Air YN No Condo YN No Cooling Fuel Electric Cross Street Thompson Gross Income 120000.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality Hamilton Twp Navigable Water YN N New Construction YN No Number Of Units Leased 14 Original MLSNumber 120807727799:TREND Ownership Interest Leasehold Possession 61-90 Days Cd Property Sub Type Mixed Use Sale Includes Land And BuildingEquipmentLiquor LicenseOwner Will Train Sale Type Standard Sewer Public Sewer Tax Annual Amount 11985.00 Tax Assessment Amount 362300.00 Tax Lot 00005 Vacation Rental YN No Water Source Public Zoning Com

Listing courtesy of Era Central Realty Group - Bordentown.


©2021 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 The Dekanski Home Selling Team :: RE/MAX 1st Advantage. 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: 2021-07-26T18:53:19.52.
 
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The Dekanski Home Selling Team :: RE/MAX 1st Advantage
170 Inman Avenue
Colonia NJ, 07067