Coldwell Banker Hearthside
324 Whitehead Rd
HAMILTON TOWNSHIP, NJ 08619

$1,499,000

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 (10.5k/yr), electric (900/mo), cable (250/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.

Details

MLS#1001762737
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site293

Features

SQ Feet6,276
Story(s)0
ZoningCOM

Market Activity 08619

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Area Information

StateNJ
CityHAMILTON TOWNSHIP
Zip Code08619
AreaHamilton Twp (21103)
Listing VS Median (in 08619)
Price:
$1,499,000
low | high
Med:
$232,450
100% of Average
SqFt:
6,276
low | high
Med:
1,300
100% of Average
$ / SqFt:
$239
low | high
Med:
$184
72.965915159605% of Average
On Site:
293
low | high
Med:
18.5
100% of Average
Listing Updated: 10/14/2018
MLS Number: 1001762737
Listing Provided By:
Kevin P Zimmer  of  ERA Central Realty Group - Bordentown

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