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.

Features
: Forced air
: Wall unit
N
: Brick
N
: Electric
: Natural gas
: Natural gas
N
Address Map
Sweetbriar Ave to Whitehead. Left on WH, property on Left after passing industrial drive
MLS Addon
Annually
Annually
HAMILTON TOWNSHIP
6,276 Sqft
$11,985
2018
COM
: Public Sewer
: Public
N
$0

Commercial Sale For Sale

324 WHITEHEAD ROAD, HAMILTON TOWNSHIP, New Jersey 08619

$1,499,000
Listing ID #1001762737
Basic Details
Property Type : Commercial Sale
Status : ACTIVE
Listing ID : 1001762737
Price : $1,499,000
Year Built : 1900
Subdivision Name : WHITEHEAD MANOR
Price Per SQFT : $239
Lot SQFT : 0 Sqft
Ownership Interest : Leasehold
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