1. New Jersey
2. Mount Holly
3. 1 MADISON AVENUE

1 MADISON AVENUE, Mount Holly, NJ 08060

• 3,200 sqft

Property Description

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. A new furnace and hot water heater was installed January 2025. 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 Status:

Active

Date Added:

September 5, 2024 at 05:00AM

Listing Office:

EXP Realty, LLC : 8662016210

Listing Agent:

Angeline Marie Martin : 6097449705

MLS ID:

NJBL2072340

Interior

• General: Bathroom - Stall ShowerBathroom - Tub ShowerBathroom - Walk-In ShowerBreakfast AreaCeiling Fan(s)Combination Kitchen/DiningCurved StaircaseFamily Room Off KitchenKitchen - Eat-InKitchen - GourmetStore/OfficeWood FloorsAdditional Stairway
• Appliances: Commercial RangeDryer - ElectricDryer - Front LoadingDryer - GasExhaust FanInstant Hot WaterOven/Range - GasRange HoodRefrigeratorWasher - Front LoadingWasher/Dryer StackedWater Heater
• Basement: UnfinishedOtherSide EntranceOutside Entrance
• Flooring: Tile/Brick
• A/C: Wall Unit
• Heating: YWall UnitNatural Gas
• Disability Feature: 2+ Access Exits36"+ wide HallsAccessible Switches/OutletsKitchen ModLevel Entry - Main

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Angeline Marie Martin, EXP Realty, LLC