1 Madison Ave, MOUNT HOLLY, NJ 08060
Local realty services provided by:Better Homes and Gardens Real Estate Premier
1 Madison Ave,MOUNT HOLLY, NJ 08060
$599,900
- 3 Beds
- - Baths
- 3,200 sq. ft.
- Multi-family
- Pending
Listed by:angeline marie martin
Office:exp realty, llc.
MLS#:NJBL2072340
Source:BRIGHTMLS
Price summary
- Price:$599,900
- Price per sq. ft.:$187.47
About this home
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 !!!
Contact an agent
Home facts
- Year built:1900
- Listing Id #:NJBL2072340
- Added:344 day(s) ago
- Updated:August 16, 2025 at 07:27 AM
Rooms and interior
- Bedrooms:3
- Living area:3,200 sq. ft.
Heating and cooling
- Cooling:Wall Unit
- Heating:Natural Gas, Wall Unit
Structure and exterior
- Roof:Flat, Metal, Shingle
- Year built:1900
- Building area:3,200 sq. ft.
Schools
- High school:RANCOCAS VALLEY REG. H.S.
- Middle school:HOLBEIN
- Elementary school:JOHN BRAINERD E.S.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$599,900
- Price per sq. ft.:$187.47
- Tax amount:$6,695 (2023)
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