1 Madison Avenue

Mount Holly, NJ 08060

$599,900
Price
—
Beds
3,200 Sq. Ft.
$187 / Sq. Ft.
3,200
Sq. Ft.
$187
per Sq. Ft.

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...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 !
  1. Listed by Angeline Marie Martin • EXP Realty, LLC
    P: (609)-744-9705 goangie51@gmail.com

Property Details for 1 Madison Avenue

Tax ID Number
23-00070-00015 01
Ownership
Other
Structure Type
Over Storefront
Style
Other
Waterfront
No
Garage
No
Cross Street
MILL
Municipality
MOUNT HOLLY TWP
LISTING UPDATED: 11/22/2024 11:38 AM

Property Details for 1 Madison Avenue

StatusActive
MLS #NJBL2072340
Days on Market79
Taxes$6,695 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Other
Year Built1900
Lot Size-
CountyBurlington County

Building Information for 1 Madison Avenue

Stories-Residences3Year Built1900Building Size-Lot Size-

Property Information for 1 Madison Avenue

Location
Location
  • School District Name: RANCOCAS VALLEY REGIONAL SCHOOLS
  • School District County ID: 300200396962
  • SchoolDistrictSource: Listing Agent
  • Elementary School: JOHN BRAINERD E.S. (BURLINGTON NJ)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: HOLBEIN (BURLINGTON NJ)
  • MiddleSchoolSource: Listing Agent
  • High School: RANCOCAS VALLEY REG. H.S. (BURLINGTON NJ)
  • County: BURLINGTON
  • MLS Area: Mount Holly Twp (20323)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $199,500
  • Year Assessed: 2023
  • Land Assessed Value: $56,100
  • Municipal Trash: Yes
  • Zoning: COMM
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Sewer
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 3
Financial Information
Financial Information
  • Annual Rental Income: $69,300
  • Income Includes: Apartment Rentals, Other
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 3,200.00
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 56.00 x 145.00
  • Lot Dimensions Source: Estimated
  • Road Responsibility: Boro/Township
  • Location Type: Downtown
  • Parcel ID: 1691609
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Features: Public, Paved Parking
Interior Features
Interior Features
  • 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
  • Fireplace: No
  • 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
  • Accessibility Features: 2+ Access Exits, 36"+ wide Halls, Accessible Switches/Outlets, Kitchen Mod, Level Entry - Main
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Exterior Lighting, Flood Lights, Sidewalks
  • Outdoor Living Structures: Breezeway
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Cooling Fuel: Natural Gas
  • Heating Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors

Property History for 1 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1 Madison Avenue

This home is within Mount Holly Township Public School District.
Rating
School
Type
Grades
Distance
John Brainerd Elementary School
Public - PK to 1
Gertrude Folwell Elementary School
Public - 2 to 4
F.W. Holbein Middle School
Public - 5 to 8
Rancocas Valley Reg High School
Public - 9 to 12
Rating
School
Distance
John Brainerd Elementary School
PublicPK to 1

Gertrude Folwell Elementary School
Public2 to 4

F.W. Holbein Middle School
Public5 to 8

Rancocas Valley Reg High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1 Madison Avenue, Mount Holly, NJ 08060

1 Madison Avenue is a multi-family home for sale in Mount Holly, NJ 08060. This property was listed for sale on September 5, 2024 by EXP Realty, LLC, it's currently listed at $599,900. This listing's school districts are Mount Holly Township Public School District, Rancocas Valley Regional High School District. Nearby schools include John Brainerd Elementary School, Gertrude Folwell Elementary School and F.W. Holbein Middle School. 1 Madison Avenue is a 0-bed, 0-bath, 3,200 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.