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
Data Source:
TREND
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
Days on Market 1571
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
Sewer Public Sewer
Subdivision Name WHITEHEAD MANOR
Tax Annual Amount 11985.0
Tax Lot 00005
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

Room Details

Room Dimensions Level Flooring Details
Primary Bedroom Unspecified

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 $390K
$1.5M
Taxes
AVG $14,458
$11,985
Visits
AVG 116
103
Year Built
AVG 1962
1900
Walkscore
AVG 40
43
Data Provided by Walkscore ® not using MLS data

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