Average square foot calculated using Size range provided by listing agent.
Description
Opportunity knocks in the heart of downtown Trenton. This one-story 1, 857$ SF retail/restaurant property generates $37, 200 in annual rental income with a cap rate of 8.5%—a rare find in today's market. The building is leased to a popular Jamaican restaurant paying $3, 100/month, with a renewed lease and interest in staying, ensuring stability and cash flow from day one. Built in 1950 and well maintained, the property features a brick exterior, flat roof, 200-amp electric, and gas-fired heating with central cooling. Expenses are conservatively estimated, utilities are tenant-paid, and the pro forma reflects realistic, achievable returns City code may allow a second-floor addition, offering potential for future expansion. Whether you're an investor seeking reliable income or an owner-user looking for a prime location, this property delivers strong fundamentals and long-term upsideShow Description
MLS® NumberNJME2065780
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1950
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air, Natural Gas
A/COther, Other Fuel
Heating Fuel
Extras
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