Commercial Real Estate for Sale at 324 Whitehead Road in Trenton, NJ for $1,499,000

324 WHITEHEAD ROAD | Hamilton (21103)

$1,499,000 | 6,276 Sq. Ft.

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. TREND 6913881

MLS Listing ID: 
TREND 6913881
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,499,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Hamilton (21103)
Address: 
324 WHITEHEAD ROAD, TRENTON, NJ 08619-3253, U.S.A.
Street Additional Information: 
Cross Street: THOMPSON
County: 
MERCER
Public Remarks: 
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.
Community Information
School District: 
Hamilton Townsh
Subdivision: 
WHITEHEAD MANOR
Building Details
Details about the building on a property.
Stories: 
2.5
New Construction: 
0
Age: 
117
Living Area: 
6,276
Fireplaces: 
No
Construction
Exterior Features: 
Commercial, Professional, Apartmnt Bld, Restaurant, Tavern, LiquorStore, FoodServices, Bed&Breakfst, Hotel/Motel
DisabilityFeatures: 
None
Porch: 
No
Deck: 
No
Balcony: 
No
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.27
Lot Size (Area): 
11,760
Lot Size (Dimensions): 
84X140
Waterfront: 
0
Public Record
Lot Number: 
00005
Annual Tax: 
$11,391.00
Property Zoning: 
COM
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Kevin Zimmer
Listing Office Name: 
ERA Central Realty Group - Bordentown

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