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111 S Warren St 5,555 SF 100% Leased Retail Building Trenton, NJ 08608 $850,000 ($153.02/SF) 6.47% Cap Rate
Investment Highlights
- Offering is 5,555 SF above grade building area and 100% Leased
- Separate tenant utilities
- BA- Business and UEZ - Urban Enterprise Zone
- One retail units and four residential units
- Convenient downtown parking access
Executive Summary
Mixed use investment 100% occupied and current apartment rents are below market rental rates.
South Warren Street, Trenton’s premiere retail location, has a growing presence of unique restaurants and businesses with notable new investments and renovations underway. This busy street enjoys foot traffic from the thousands of state employees working in large facilities situated on adjoining blocks.
This property is located in Trenton's Warren Street Historic District. South Warren Street links West State Street and the State House District with Lafayette Street and notable historic sites including the War Memorial Building and the Old Barracks Museum. It is nearby Trenton’s highly regarded Mill Hill Historic District.
South Warren Street, Trenton’s premiere retail location, has a growing presence of unique restaurants and businesses with notable new investments and renovations underway. This busy street enjoys foot traffic from the thousands of state employees working in large facilities situated on adjoining blocks.
This property is located in Trenton's Warren Street Historic District. South Warren Street links West State Street and the State House District with Lafayette Street and notable historic sites including the War Memorial Building and the Old Barracks Museum. It is nearby Trenton’s highly regarded Mill Hill Historic District.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,555 SF
Building Class
B
Year Built/Renovated
1900/2005
Price
$850,000
Price Per SF
$153.02
Cap Rate
6.47%
NOI
$55,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.85
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
HIST - commercial
Parking
2 Spaces (0.36 Spaces per 1,000 SF Leased)
Frontage
20’ on Warren St
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-00107-0000-00010 | Improvements Assessment | $167,100 |
| Land Assessment | $58,800 | Total Assessment | $225,900 |
Property Taxes
Parcel Number
11-00107-0000-00010
Land Assessment
$58,800
Improvements Assessment
$167,100
Total Assessment
$225,900
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111 S Warren St
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