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    324 Whitehead Road

    HAMILTON TOWNSHIP, NJ 08619
    • $1,499,000
    • STATUS: Active
    • ON SITE: 721 days
    • MLS #: 1001762737
    UPDATED: 25 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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    ©2020 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 Premier Group NJ at RE/MAX Central. 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: 2020-09-19T12:51:23.983.
    www.premiergroupnj.com/homes/88039233
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    324 Whitehead Road HAMILTON TOWNSHIP, NJ 08619

    • Price: $1,499,000
    • Status: Active
    • Updated: 25 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 Other Structures Above Grade Parking Types None Riparian Rights YN No Sign On Property YN N Water Access YN No Water Oriented 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 Incorporated City Name 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.


    ©2020 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 Premier Group NJ at RE/MAX Central. 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: 2020-09-19T12:51:23.983.
     
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    Premier Group NJ at RE/MAX Central
    520 Highway 9 North
    Manalapan NJ, 07726