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324 Whitehead Rd

Trenton, NJ 08619

$1,499,000

General Retail For Sale  •  6,276 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 6,276 Sq Ft
  • Lot Size 0.27 ac
  • Building Class C
  • Year Built 1900
  • Tenancy Multiple
  • Zoning NC
31 Transit Score
42 Walk Score

Description

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.

Commercial zoned area. Property type : apartment building; commercial; food service; liquor store; professional; restaurant; tavern; hotel/motel

Highlights

Lot size 84x100
14 Leased Units
Sale Includes : equipment, liquor license, land & building
Owner will train
Parking lot and street parking

Public Transportation

Commuter RailDriveWalkDistance
Trenton Transit Center (NJT) Commuter Rail (Northeast Corridor Line, River LINE) 8 min - 2.6 mi
Princeton Junction Commuter Rail (Northeast Corridor Line, Princeton Branch) 15 min - 10.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Kevin Zimmer 609-529-3549 Central Commercial
Kevin Zimmer 609-529-3549 Central Commercial