324 Whitehead Road, Hamilton Township, NJ 08619

$1,499,000
0 BED | 0 BATH | 6276 SQ FT
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$1,499,000
0 BED | 0 BATH | 6276 SQ FT

324 Whitehead Road, Hamilton Township, NJ 08619


MLS#: 1001762737

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 (10.5k/yr), electric (900/mo), cable (250/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.
Zoning Description
COM
Area Description
Hamilton Twp (21103)