615 Brunswick AveTrenton, NJ 08638

Property Details for 615 Brunswick Ave

Year built

1950

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

760 SF

Property type

Commercial real estate

APN

11 09006-0000-00015

APU

1109006000000015

Description

This turnkey retail property at 615 Brunswick Ave, Trenton, NJ 08638, is offered at $225,000. The property is zoned for commercial use and includes both retail space and land. Recent significant improvements have been made, making this a truly move-in ready investment opportunity. Upgrades include a brand new roof, gutters, and siding, ensuring long-term structural integrity. The HVAC system (heating and air conditioning) has also been completely replaced, providing efficient and reliable climate control. The electrical system has been fully updated for safety and efficiency. Interior and exterior painting has been completed, presenting a fresh and inviting appearance. Furthermore, the property boasts new washers, dryers, and a new exhaust system for the dryers, adding significant value and functionality. This property requires no further investment to begin operation, making it an exceptional opportunity for immediate return. The property's location in Trenton, Mercer County, New Jersey offers excellent access to local businesses and residents. This is a rare opportunity to acquire a fully updated, ready-to-operate retail space in a desirable location. Don't miss out on this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $142,404

  6.5%

  $131,450

  7%

  $122,061

• Comparable approach

  Method

  Valuation

  Relative Method

  $99,301.60

  Geo Method

  $99,301.60

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $258,795

  Retail / Commercial

  $132,709

  Mixed-Use / Specialty

  $132,236

  Hospitality / Lodging

  $97,017

  Office

  $131,450

  Institutional / Educational

  $137,472

  Residential Income

  $160,842

  Multifamily

  $192,905

  Automotive / Energy

  $117,833

  Parking / Income-Based Land

  $40,662.70

  Restaurant / Food Service

  $68,776.70

  Healthcare / Senior Housing

  $135,605

Location Insight

City

Trenton

County

Mercer

State

New Jersey

Latitude

40.2339

Longitude

-74.7541

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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