324 Whitehead Road

    Hamilton Township, NJ 08619
    • $1,499,000
    • STATUS: Active
    • ON SITE: 607 days
    • ID#: 6913881
    UPDATED: 57 min ago
    $1,499,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,276
      SQFT
    • $239
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1901
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Era Central Realty Group - Bordentown.

    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.

    Monthly Payment Calculator



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which City Block Team | Berkshire Hathaway Fox & Roach, REALTORS® participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-09-18T08:55:45.067.
    www.cityblockteam.com/homes/69228909

    324 Whitehead Road Hamilton Township, NJ 08619

    • Price: $1,499,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 6913881
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    6,276
    SQFT
    $239
    $/SQFT
    1901
    Built
    Neighborhood:
    Whitehead Manor
    County:
    Mercer
    Area:
    Hamilton Twp (21103)
    School District:
    Hamilton Townsh
    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 (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.
    Exterior Features

    Lot Dimensions 84X140 Water Front No

    Interior Features

    Handicap None Interior Square Feet Source Assessor

    Property Features

    Annual Gross Expense 40120.0 Annual Gross Income 120000.0 Annual Lease Price 0.0 Building Or Business CommercialProfessionalApartmnt BldRestaurantTavernLiquorstoreFoodservicesBed&BreakfstHotel/Motel Land Only No Leased Units 14 Lot Number 00005 Property Option Both Tax Year 2017 Total Assessment 362300.0 Total Taxes 11673.0 Year In Business 10+ Years Zoning Code Com



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which City Block Team | Berkshire Hathaway Fox & Roach, REALTORS® participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-09-18T08:55:45.067.
     
    City Block Team | Berkshire Hathaway Fox & Roach, REALTORS®
    210 W. Rittenhouse Square
    Philadelphia PA, 19103
    Listing courtesy of Era Central Realty Group - Bordentown.