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1 Madison Avenue

Mount Holly, NJ 08060

– beds
– baths
3,200 sqft
$187 per sqft
1900 build

GREAT INVESTMENT OPPORTUNITY FOR SMALL BUSINESS OWNERS AND ENTREPRENEURS! This is a must-see for anyone looking to start their own business. Check it out before it's too late! Spacious 1st Floor RETAIL space located in downtown historical Mount Holly with low monthly rent. It's currently a restaurant. This is a place where you can upstart and grow your own business. It's in the UEZ Commercial zone and has a diverse number of uses for your own business, including a restaurant, bar, beauty salon/barber shop, art gallery, coffee shop, and so much more potential (obtain more information on applications for funding via possible grants or loan applications to outfit your business from the County or State UEZ Department). This storefront was previously used as a food service shop and has a mop sink included. It hosts 2 bathrooms with extra space to outfit another one if you desire, (consult a Licensed Contractor). This building is being sold as-is. There are 2 built-in heating/air conditioning units already in place, and also have ductwork and hookups available if you want to install a condenser unit to convert to central air and heat (consult a licensed contractor). There is an opportunity to also subdivide the business into 2 or 3 business opportunities (must be approved by the township planning board). There are 2 separate front door entrances in the front and a rear door entrance as well. In the store, all bathrooms, floorings, and kitchen was completely renovated. The roof is metal and had a partial replacement. All commercial windows, front doors, and apartment windows were replaced. The plumbing and electrical were updated. All new gutters were recently installed. The restaurant downstairs, 2 bedroom apartment and 1 bedroom apartment upstairs, are fully leased. The restaurant is paying $2,275.00 a month; the 1 bedroom apartment upstairs is currently paying $1,650.00 a month rent; and, the 2 bedroom apartment upstairs is currently paying $1,850.00 a month rent, bringing the total monthly rent to $5,775.00 a month revenue; $69,300 annual gross income. All tenants pay their own utilities and the water bill is split 3 ways between the tenants. This building is in a great location down the street from Virtua Memorial Hospital and at the corner of Madison and Washington streets where the NJ Transit bus stop is located. PLEASE DO NOT APPROACH THE OWNER OF ZADDY'S RESTAURANT. Make your offer before it's too late !!!

Listing courtesy of BRIGHT / EXP Realty, LLC

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# NJBL2072340 —

The Building

Year Built:

1900
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Vinyl Siding, Brick
Structure Type:

Over Storefront
Architectural Style:

Other
Building Units Total:

3
Roof:

Flat, Shingle, Metal
Accessibility Features:

2+ Access Exits, 36, Accessible Switches/Outlets, Kitchen Mod, Level Entry - Main
Foundation Details:

Concrete Perimeter
Basement:

Yes
Basement Type:

Unfinished, Other, Side Entrance, Outside Entrance
Total SqFt Source:

Estimated

Interior

Interior Features:

Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Curved Staircase, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Gourmet, Store/Office, Wood Floors, Additional Stairway
Flooring Type:

Tile/Brick
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

3200
Living Area SqFt:

3,200 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Other
Possession:

Settlement

Location

Directions:

Corner of Madison Avenue and Washington Street, Mount Holly, NJ 08060
Cross Street:

MILL
Latitude:

39.99194000
Longitude:

-74.79273000
Location Type:

Downtown

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Property Condition:

Very Good
Lot Size Dimensions:

56.00 x 145.00
Lot Dimensions Source:

Estimated
Inclusions:

Mop sink, installed 2 air conditioning/heating units, two bathrooms from commercial space; 2 stackable washer and dryers, 2 microwaves, 2 refrigerators, 2 stoves, 2 dishwashers, and 4 window air conditioning units from both apartments upstairs inclusive.
Exclusions:

Zaddy's restaurant business downstairs and tenant's personal belongings upstairs in both aparments.
Zoning:

COMM
Road Responsibility:

Boro/Township
Outdoor Living Structures:

Breezeway
Other Structures:

Above Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

23-00070-00015 01
Tax Year:

2023
Tax Annual Amount:

$6,695.22
Tax Assessed Value:

$199,500
Year Assessed:

2023
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Wall Unit
Central Air:

No
Cooling Fuel:

Natural Gas
Heating:

Yes
Heating Type:

Wall Unit
Heating Fuel:

Natural Gas

Utilities

Utilities:

Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
Sewer/Septic:

Public Sewer
Electric Service:

200+ Amp Service
Hot Water:

Natural Gas
Water Source:

Public

Appliances

Appliances:

Commercial Range, Dryer - Electric, Dryer - Front Loading, Dryer - Gas, Exhaust Fan, Instant Hot Water, Oven/Range - Gas, Range Hood, Refrigerator, Washer - Front Loading, Washer/Dryer Stacked, Water Heater

Schools

Elementary School:

John Brainerd E.S.
Middle School:

Holbein
High School:

RANCOCAS VALLEY REG. H.S.
School District Name:

Rancocas Valley Regional Schools
School District Source:

Listing Agent

The Community

Exterior Features:

Exterior Lighting, Flood Lights, Sidewalks
Pool:

No Pool
Spa:

No
Association Recreation Fee:

No
Municipal Trash:

Yes

Parking

Garage:

No
Type of Parking:

Parking Lot
Parking Features:

Public, Paved Parking

Extra Units

Vacation Rental:

No
Single Room Units:

3
One Bedroom Units:

1
Two Bedroom Units:

1

Explore the Area

My Commute

From

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Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/21/24 Nov 21, 2024	Price Changed	BRIGHT	$599,900	-6.3%
9/5/24 Sep 5, 2024	Listed / Active	BRIGHT	$639,900

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This multifamily located in Mount Holly, NJ 08060 is currently for sale for $599,900. 1 Madison Avenue is a 3,200 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Gertrude Folwell Elementary School, F W Holbein Middle School, Rancocas Valley Regional High School, and John Brainerd Elementary School.

Listing Courtesy of: BRIGHT and EXP Realty, LLC.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.