Seller Financing
Address
324 Whitehead Road Hamilton Township, NJ
Price
$ 1,499,000
Property Attributes
  • MLS#1001762737
  • TypeCommercial
  • CountyMERCER
  • CityHamilton Township
  • AreaHamilton Twp
  • NeighborhoodWHITEHEAD MANOR
  • Zip08619
  • StyleApartment Building,Bed and Breakfast,Hotel/Motel
  • Year Built1900
  • Taxes11985
  • Price$ 1,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6276
Listing Provided Courtesy Of:
ERA Central Realty Group - Bordentown
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.

Price History
1/18/2017 Listed $1,499,000

General Features

Accessibility None
Business Type Apartment Building, Bed and Breakfast, Hotel/Motel
Construction Materials Brick
Cool Fuel Electric
Cooling Wall Unit
County MERCER
Heating Forced Air
MLS Area Hamilton Twp (21103)
New Construction No
Ownership Leasehold
Possession 61-90 Days CD
Price Per Sq Ft 238.85
Property SubType Mixed Use
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer Public Sewer
Subdivision Name WHITEHEAD MANOR
Tax Year 2018
Vacation Rental Y/N No
Water Access Y/N No
Zoning COM

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 6276.00
Fencing Y/n No
Lot Dimensions 84X140
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 08619

Price
AVG $380K
$1.5M
Taxes
AVG $15,098
$11,985
Visits
AVG 40
48
Year Built
AVG 1958
1900
Walkscore
AVG 44
43
Data Provided by Walkscore ® not using MLS data

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