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117 S Warren St 3,020 SF 72% Leased Retail Building Trenton, NJ 08608 $439,000 ($145.36/SF) 7.80% Cap Rate



Executive Summary
Mixed use property that includes two commercial spaces and a one bedroom apartment. One retail space is rented to a boutique clothing store and tailor that also offers hair and personal makeover services all with the store. The other retail space is used by a soap and cosmetics retailer. Upstairs, a one bedroom apartment includes its own washer and dryer. The property is located on a bustling street that is full of new business activity and renovations. The property sits in the special improvement district which includes daily trash pickup and supplemental street cleaning and security to ensure cleanliness and safety for employees and guests. Other local success stories such as Skil-lit, The Big Easy, 1911 Smokehouse, The Station Bar and Grill, Giaquinto's and others are part of a tight knit small business community
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- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,020 SF
Building Class
C
Year Built
1900
Price
$439,000
Price Per SF
$145.36
Cap Rate
7.80%
NOI
$34,242
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
BA
Frontage
24’ on Lincoln Highway
Amenities
- Smoke Detector
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-00107-0000-00013 | Improvements Assessment | $169,700 |
| Land Assessment | $58,300 | Total Assessment | $228,000 |
Property Taxes
Parcel Number
11-00107-0000-00013
Land Assessment
$58,300
Improvements Assessment
$169,700
Total Assessment
$228,000
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Presented by
Pott Real Estate LLC
117 S Warren St
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