Bought with Timothy Christopher Crew • EXP Realty, LLC
$245,000
$250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
2,927 Sqft Lot
SOLD DATE : 05/31/2026
Key Details
Sold Price $245,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Traditions At Hamilt
MLS Listing ID NJME2071274
Sold Date 05/31/26
Year Built 1950
Annual Tax Amount $11,550
Tax Year 2025
Lot Size 2,927 Sqft
Acres 0.07
Property Sub-Type Other
Source BRIGHT
Property Description
This one-story 1,857$ 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 upside
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning HIST
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Other
Flooring Vinyl
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Flat,Rubber
Accessibility Other
Road Frontage Boro/Township
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-00101-00001
Ownership Fee Simple
Special Listing Condition Standard
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