$500,000
$1,000,000
50.0%For more information regarding the value of a property, please contact us for a free consultation.
5,110 SqFt
SOLD DATE : 01/24/2020
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,110 sqft
Price per Sqft $97
Subdivision Hamilton Area
MLS Listing ID 1003278719
Sold Date 01/24/20
HOA Y/N N
Originating Board TREND
Year Built 1950
Annual Tax Amount $16,393
Tax Year 2018
Lot Size 0.466 Acres
Acres 0.47
Lot Dimensions 100X203
Property Description
The property is improved with a tavern, liquor store, and 2 rental apartments. The building was constructed in 1920+/-. It has masonry and vinyl siding exterior, a concrete foundation and a flat and gable roof surfaced with rubberized membrane and composite shingle. The front portion on the building consists of a 3,060+/- SF tavern & liquor store with seating for approximately 65+/- customers. There is a kitchen area that has a pizza oven for customers to either eat-in or take out. The pizza, as well as all food, is made fresh on-site. There is table seating for approximately 30+/- and bar seating for an additional 35+/- patrons. The flooring is primarily linoleum. The walls are gypsum board. Heating and cooling are both gas forced air. The rear portion of the building consists of two apartments; The first floor apartment has 2 bedrooms, a living room, kitchen and a basement. It has been rented to the same tenant for 10+/- years. Monthly income from the apartment is $1,000.00. The tenant pays their own utilities; the landlord pays sewer and water. The second floor of the building consists of one apartment with 2 bedrooms, a living room and a kitchen. There is also an attic which has been converted to a living room. The flooring is primarily linoleum and commercial grade carpeting. The walls are gypsum board. Rental income from this apartment is $1,200.00 per month. The tenant pays their own utilities; the landlord pays sewer and water. Heating for both apartments is gas radiator heat. Cooling is provided through individual window units. Electrical service to the building is single phase 200+/- amp. There is also a 400+/- SF detached garage which is used for storage.
Location
State NJ
County Mercer
Area Hamilton Twp (21103)
Zoning HC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Other
Heating Other
Cooling Other
Flooring Carpet, Vinyl
Fireplace N
Heat Source Other
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Flat,Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Hamilton Township
Others
Tax ID 03-02488-00002
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Michael J Pratico Sr. • Richardson Commercial, LLC