An electrically driven, continuous track treadmill having a frame comprising a first section with a second section pivotably connected to a rear end thereof. The treadmill is adjustable between an operational position where the first and second sections are substantially horizontally aligned, and a folded position where the second section is pivoted onto said first section, such that an upper surface of the second section abuts an upper surface of the first section. A handle is pivotally connected to the first section of the frame and extends upwardly away therefrom when the treadmill is in the operational position. The handle pivots into abutting contact with a lower surface of the second section when the treadmill is in the folded position. The treadmill preferably is also provided with an inclination adjustment assembly that is selectively activatable to move the frame between a neutral position, a positively inclined position and a negatively inclined position relative to the floor surface. The treadmill is further provided with a shell configured to resemble a coffee table which is positioned over or around the treadmill when in the folded position. The treadmill therefore can be stored in plain sight.