MLS® ID: 1001762737

324 WHITEHEAD RD

Hamilton Township, New Jersey, 08619

$1,499,000 Active
  • 6276 SQFT
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.
Read More

Listing courtesy of ERA Central Realty Group - Bordentown

Amenities

  • Zip
    08619
  • Office name
    ERA Central Realty Group - Bordentown
  • Subdivision
    Whitehead Manor
  • SQFT
    6276
  • Property type
    Commercial
  • School district
    HAMILTON TOWNSHIP
  • Year built
    1900
  • Lot size
    0.27
  • Tax year
    2017
  • Office ID
    ERAADV-B
  • Agent ID
    60011528
  • Agent name
    Kevin P Zimmer
  • Tax amount
    $ 11673.0
  • Purchase Type
    Active
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    5000-7000 sq ft.
  • Acreage Range
    < .5 acres
  • Year Built Range
    1989 (and earlier)

Location

Have questions?

We can help.

Let's chat!

First Name
Last Name
Email
Phone
Best time to call

Success!

We'll get in touch with you soon.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info