William E. Cleary Sr. | CNBNews Editor
Related: Broken Windows
WHO WOULD DO SOMETHING LIKE THIS? Angad S. Guglani, the owner of the former Coffee Corner property, kept repeating that question as Peyton and I stood there staring at the graffiti sprayed in white paint on his building. Guglaini said he recently spent
$30,000 on fixing up the outside of the building, located at the corner of South Broadway and Market Street. He planned to spend another $30,000 on paving the parking lot that adjoined the building.
Guglani’s business, Cooper Square Acquisitions, is a real estate investing firm from Cherry Hill. He said his company spent thousands of dollars on improvements to two other properties in Gloucester City. One is located at 14 S. Broadway, and the other is at 14 N. Broadway. Years ago, 14 S. Broadway was a medical office owned by Dr. Charles Brennan. And 14 N. Broadway was previously owned by Dr. Larry Wallis, an optometrist.
“I had intended to spend more money in Gloucester City, but after this experience with this graffiti, I have to give those plans a second thought," he said.
For Sale or Lease 201 Broadway Gloucester City, NJ 08030. Home of the former Iconic Coffee Corner Drive up Restaurant for decades, this prized location is available for the first time in 40 years. At the intersection of Broadway and Market - the 2 main thoroughfares in Gloucester City, this double corner lot sees 10K cars per day.
The apx. 1,100 sq ft existing building has been whiteboxed and renovated from the exterior and ready for a new user. 201 S Broadway is located within an Urban Enterprise Zone (UEZ) with HUGE tax benefits included reduced sales tax for customers.
There is an existing hood and ansul system, however updates may be required. The large .25 acre lot with roughly 9000 of uncovered space presents massive parking potential for customers or a delivery fleet. The zoning designation of RC&S (Residential Commercial & Service) allows for versatile use. Opportunities are endless.
10,000 Square Feet Parking Space Corner Space
Partially Built Out as a Restaurant or Cafe
Existing vent and ansul system
For Sale: Total Assessed Value: $98,400 Annual Property Tax: $4,923.94
or Lease:$ 2,500/m NNN. SEE MORE INFORMATION HERE
AFTER nearly a decade of neglect the long awaited repairs to the TWIN BAR is finally happening.
In the early 1950s, Bill Haley and the Saddlemen performed at the Twin Bar located at Broadway and Market Street, in Gloucester City for 18 months. The band combined country and western, rhythm and blues, and other musical styles to create a unique sound that Haley referred to as "the birthplace of rock 'n' roll".
According to John von Hoelle and John W. Haley (Bill Haley's son) in their biography of Bill Haley, called "Sound and Glory", the Twin Bar was a place where Haley could experiment with the crowd and develop his new sound.
In the summer of 2007 and 2008, a Rock n Roll Revival, which featured Bill Haley's Original Comets and other rockabilly bands in an all-out tribute to Haley, was held in Gloucester City.
The plaque on the right commemorating Bill Haley's contribution to the cultural history of the region naming it the birthplace of Rock N Roll is still visible on the front of the building, provided by the Camden County Board of Freeholders.
Sadly, the bar fell on hard times and its destiny look dim. But, recently a construction crew has been seen repairing the building. Hopefully, an investor comes along and we will be hearing those Oldies But Goodies songs once again echoing from this once popular venue. Who knows maybe after you have a few drinks even the ghost of Bill Haley will make an appearance.