113 S Warren Street
Trenton, NJ 08608
- – beds
- – baths
- 4,796 sqft
- 1,622 sqft lot
- $110 per sqft
- 1950 build
COMING SOON! Expected on Market Date August 28, 2024. Mixed Use property in the heart of downtown Trenton’s central business district! Lots of pedestrian traffic from nearby office buildings and residential neighborhoods. Restaurant tenant on the first floor. Leased through mid-2025. 1 bedroom apartments on each of the 2nd and 3rd floors are move-in ready. Property in excellent condition. First floor tenant has profitable business (not included in sale). Stabilized property pro forma shows a cap rate of 9%. New owners can occupy the apartments or choose their own qualified tenants. First floor interior restaurant space is approx. 1400 SF of commercial space, plus basement. 1 bedroom apartments are approx. 700SF each. All units are separately metered for cooking gas and electric. Restaurant has central AC and an 11’ cooking hood. Apartments have ductless mini splits newly installed for cooling and additional heat. Owner’s utility bill is less than $300 per month and will go down after the mini splits are installed. Apartments feature their own washer/dryers for the convenience of the tenants. Redevelopment area! The Property is part of the downtown business improvement district that includes programming for extra cleaning and safety, plus marketing and tourism. Local government is in the process of creating a “restaurant row” district and making capital improvements, including sidewalk upgrades, on the block. For new business owners, City of Trenton has grants available for exterior upgrades and improvements and Trenton Downtown Association can help with marketing. Several new development projects in the immediate neighborhood including Van Sciver building (138 new apartments +parking), 200 block of E State St (+/- 600 apartments approved; 50 completed and occupied already), Taxation building redevelopment (see Capital City Redevelopment Corporation site) and the Trenton Parking Authority’s Front Street Garage, which is receiving expressions of interest. Easy access to property from Routes 29, 129, 195, 295, 206, and 31. One mile from Trenton Transit Center One block from Mill Hill Park. 3 blocks from NJ Statehouse and legislature.
Listing courtesy of BRIGHT / Pott Real Estate, LLC
Last checked:
Checking…
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Last updated Aug 26, 2024
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MLS# NJME2047090 —
The Building
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Year Built:1950
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Year Built Source:Estimated
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Year Major Reno/Remodel:2017
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New Construction:No
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Construction Materials:Brick, Frame
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Structure Type:Over Storefront
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Architectural Style:Victorian
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Historic:Yes
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Building Levels:5
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Building Units Total:3
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Accessibility Features:2+ Access Exits
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Total SqFt Source:Estimated
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Total Below Grade SqFt:1400
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Total Below Grade SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:4796
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Living Area SqFt:4,796 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash
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Possession:Settlement, Subject to Existing Lease
Location
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Directions:from 29 take downtown exit and take first left at glass labor dept. building, then left onto S. Warren St
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Cross Street:Lafayette
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Latitude:40.21894000
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Longitude:-74.76643000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Estimated
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Lot SqFt:1,622 Sqft
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Zoning:HIST
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Office phone:
- (609) 793-9639
Taxes
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Tax ID Number:11-00107-00011 01
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Tax Year:2023
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Tax Lot:00011 01
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Tax Annual Amount:$9,892
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Tax Assessed Value:$177,700
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Year Assessed:2023
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Ductless/Mini-Split, Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas Available
Utilities
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Utilities:Natural Gas Available, Sewer Available, Water Available
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Trenton Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Association Recreation Fee:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Units Furnished:None
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Single Room Units:1
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One Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/22/24
Aug 22, 2024
|
Listed / Active | BRIGHT | $529,000 |