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Prospect Street Portfolio 2 Retail Properties Offered at $1,799,000 in Trenton, NJ
INVESTMENT HIGHLIGHTS
- 802 Prospect Street is a premier retail center with two freestanding single-story buildings totaling 19,794 SF on a 1-acre lot, built in 2015.
- Near national retailers like Family Dollar and close to residential neighborhoods and offices that drive consistent demand for local retail.
- Property is supported by a strong population of over 250,000 within 5 miles, contributing nearly $3 billion in annual consumer spending.
- With one building vacant, investors or owner-users have the chance to implement strategies to capture market rents and unlock additional value.
- Direct exposure to 12,000 daily vehicles, providing unparalleled visibility and direct access to Route 31 and Route 1, connecting to Downtown Trenton.
- Trenton market has experienced rent growth of 1.3% year-over-year, presenting a lucrative opportunity to increase rents to market rates.
EXECUTIVE SUMMARY
PRICE REDUCED: Now $1,799,000
FOR SALE: 2 Buildings Freestanding Buildings on Large Lot. 802 Prospect Street presents a unique opportunity for users or investors to acquire a multi-faced property in the heart of Trenton. The property consists of a ±13,724 SF former Dollar General which is currently vacant and ready for the next user. It also features a ±6,070 SF Office Building which is currently leased to a Non-Profit Organization, providing consistent and stable income. The property is ideal for investors seeking to lease the vacant building and collect income, or business owners looking to relocate to the property.
The vacant ±13,724 SF building is ideal for some of the following uses: Retail Uses such as: Dollar Store, Grocery Store, Liquor Store, Banquet Hall, Indoor Play Park, etc. Industrial Uses such as: Product Storage and Supplies, Food Storage, Light Manufacturing, Warehousing, etc.
Professional Uses: Wellness Center, Non-Profit Headquarters, Urgent Care, House of Worship, etc, or wide variety of additional ideal uses.
Property Features:
• Total of ±19,794 SF between 2 Buildings
• ±96 Total Acres
• Parking for ±45 Cars
• Large Pylon Sign and Facade Signage
• ±13,724 Building Features Wide Open Floorplan, High Ceilings, Wide Columns, & Natural Light
• ±6,070 SF Office Building is Nicely Finished and Tenanted, Providing Stable Income
• Real Estate Taxes: $82,287 per year ($4.15 PSF)
• Asking Price: $1,799,000
• The property is located on Prospect Street, minutes from downtown Trenton, Routes 1, 195, 295, with quick access to Pennsylvania.
Please call Broker for more information or to schedule a showing.
FOR SALE: 2 Buildings Freestanding Buildings on Large Lot. 802 Prospect Street presents a unique opportunity for users or investors to acquire a multi-faced property in the heart of Trenton. The property consists of a ±13,724 SF former Dollar General which is currently vacant and ready for the next user. It also features a ±6,070 SF Office Building which is currently leased to a Non-Profit Organization, providing consistent and stable income. The property is ideal for investors seeking to lease the vacant building and collect income, or business owners looking to relocate to the property.
The vacant ±13,724 SF building is ideal for some of the following uses: Retail Uses such as: Dollar Store, Grocery Store, Liquor Store, Banquet Hall, Indoor Play Park, etc. Industrial Uses such as: Product Storage and Supplies, Food Storage, Light Manufacturing, Warehousing, etc.
Professional Uses: Wellness Center, Non-Profit Headquarters, Urgent Care, House of Worship, etc, or wide variety of additional ideal uses.
Property Features:
• Total of ±19,794 SF between 2 Buildings
• ±96 Total Acres
• Parking for ±45 Cars
• Large Pylon Sign and Facade Signage
• ±13,724 Building Features Wide Open Floorplan, High Ceilings, Wide Columns, & Natural Light
• ±6,070 SF Office Building is Nicely Finished and Tenanted, Providing Stable Income
• Real Estate Taxes: $82,287 per year ($4.15 PSF)
• Asking Price: $1,799,000
• The property is located on Prospect Street, minutes from downtown Trenton, Routes 1, 195, 295, with quick access to Pennsylvania.
Please call Broker for more information or to schedule a showing.
PROPERTY FACTS
| Price | $1,799,000 | Number of Properties | 2 |
| Price / SF | $90.89 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 19,794 SF |
| Status | Active | Total Land Area | 0.96 AC |
| Price | $1,799,000 |
| Price / SF | $90.89 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,794 SF |
| Total Land Area | 0.96 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building 1
802 Prospect St, Trenton, NJ 08618 |
Retail | 13,724 SF | 2015 | - |
|
Building 2
802 Prospect St, Trenton, NJ 08618 |
Retail | 6,070 SF | 2015 | - |
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