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The Grove 69 Route 156 4,700 SF 100% Leased Retail Building Trenton, NJ 08620 $849,000 ($180.64/SF)
Investment Highlights
- Situated in a strategic location, this property benefits from high visibility and accessibility, further enhancing its investment potential.
- The restaurant's decades-long success underscores the viability and attractiveness of this investment, making it a promising addition to your real est
- Enhance your investment strategy by diversifying into both residential and commercial real estate with this mixed-use property.
Executive Summary
Unique Opportunity to acquire an investment property with a long-term tenant in place, including a duplex with 2 residential units. A long-term experienced restaurant operator with 40+ years in the business anchors this mixed-use parcel.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,700 SF
Building Class
C
Year Built
1920
Price
$849,000
Price Per SF
$180.64
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.46 AC
Zoning
CC
Parking
30 Spaces (6.38 Spaces per 1,000 SF Leased)
Frontage
198’ on Route 156
Amenities
- Fireplace
- Restaurant
- Security System
- Signage
- Storage Space
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-02662-0000-00007 | Improvements Assessment | $615,500 |
| Land Assessment | $109,500 | Total Assessment | $725,000 |
Property Taxes
Parcel Number
03-02662-0000-00007
Land Assessment
$109,500
Improvements Assessment
$615,500
Total Assessment
$725,000
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The Grove | 69 Route 156
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