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.

  • MLS# 1001762737
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 1900
  • Days On Site 356
SQ Feet 6,276
Story(s) 0
Zoning COM
Listing Provided By:
Kevin P Zimmer  of  ERA Central Realty Group - Bordentown
 
 
 
 
 
 
 
 
this listing $1,499,000
581.67%
$219,900 in 08619
this listing 6,276 SqFt
483.81%
1,075 SqFt in 08619
this listing $239 $/SqFt
16.76%
$205 $/SqFt in 08619
this listing 356 on site
408.57%
70 on site in 08619

Location

State NJ
City HAMILTON TOWNSHIP
Zip Code 08619
Area Hamilton Twp (21103)

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