1 Madison Ave Mount Holly, NJ 08060

Listing Details

• Property Type: Multi-Family
• Structure Type: Over Storefront
• Accessibility Features: 2+ Access Exits, 36"+ Wide Halls, Accessible Switches/Outlets, Kitchen Mod, Level Entry - Main
• Exclusions: Zaddy's restaurant business downstairs and tenant's personal belongings upstairs in both aparments.
• Inclusions: Mop sink, installed 2 air conditioning/heating units, two bathrooms from commercial space; 2 stackable washer and dryers, 2 microwaves, 2 refrigerators, 2 stoves, 2 dishwashers, and 4 window air conditioning units from both apartments upstairs inclusive.
• New Construction: No
• Year Built: 1900
• Remarks Public: 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 !!!
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• 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
• Flooring Type: Tile/Brick
• Interior Amenities: 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
• Foundation Details: Concrete Perimeter
• Basement: Yes
• Basement Type: Unfinished, Side Entrance, Outside Entrance
• Total Sq Ft: 3200
• Living Area Sq Ft: 3200
• Price Per Sq Ft: 187.47
• Above Grade Finished Sq Ft: 3200
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1

Exterior Features

• Other Structures: Above Grade
• Construction Materials: Vinyl Siding, Brick
• Exterior Features: Exterior Lighting, Flood Lights, Sidewalks
• Roof: Flat, Shingle, Metal
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Public, Paved Parking
• Type Of Parking: Parking Lot

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Natural Gas
• Cooling Type: Wall Unit
• Electric Service: 200+ Amp Service
• Heating Fuel: Natural Gas
• Heating Type: Wall Unit
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable Tv Available, Under Ground
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

• School District: RANCOCAS VALLEY REGIONAL SCHOOLS
• Elementary School: JOHN BRAINERD E.S.
• Middle School: HOLBEIN
• High School: RANCOCAS VALLEY REG. H.S.
• Elementary School Source: Listing Agent
• Middle School Source: Listing Agent
• School District Key: 300200396962
• School District Source: Listing Agent
• Elementary School: JOHN BRAINERD E.S.
• High School: RANCOCAS VALLEY REG. H.S.
• Middle Or Junior School: HOLBEIN

Lot Info

• Lot Dimensions: 56.00 x 145.00
• Outdoor Living Structures: Breezeway
• Property Condition: Very Good
• Year Assessed: 2023
• Zoning: COMM

Rental Info

• Existing Lease Type: Month To Month, Yearly
• Ground Rent Exists: No
• Owner Pays: Taxes - Real Estate, Sewer
• Total Actual Rent: 69300.00
• Units Leased Count: 3
• Vacation Rental: No

Multi Family

• Income Includes: Apartment Rentals
• Single Room Units Count: 3

Tax Info

• Tax Annual Amount: 6695.22
• Assessor Parcel Number: 23-00070-00015 01
• Tax Year: 2023

MLS Schools

• School District Name: RANCOCAS VALLEY REGIONAL SCHOOLS