Active

1 Madison Ave

Mount Holly NJ, 08060

$639,900


$199.97 per sqft

Active

3,200 sqft

Commercial

Built in 1900

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. 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 !!!

NJBL2071164

MLS ID

August 23, 2024

Listed

September 17, 2024

Updated

Map

1 Madison Ave
Mount Holly NJ, 08060

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.19 Acres


Roof

Metal, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

MOUNT HOLLY TWP


Taxes

$6,695


Tax Frequency

Annually


Days on Market

18


Garage

No


Parking Total

6


View

No


County

BURLINGTON


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/25/2024

Price change

$639,900

1%

Listed by Angeline Marie Martin, with EXP Realty, LLC
Listing Contact: 6097449705 

The IDX display contains information sourced from the Bright MLS, Inc. as of 9/17/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 9/17/2024 at 11:13 PM UTC

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