1027 Clinton AveTrenton, NJ 08611

  • Commercial real estate
  • 16,240 SF
For Sale
$799,990 View listing

Property Details for 1027 Clinton Ave

Year built
1940
Construction
BRICK
Lot size
0.17 AC
Property size (Sq ft)
16,240 SF
Property type
Commercial real estate
APN
11 18801-0000-00006
APU
1118801000000006

Description

This exceptional mixed-use property at 1027 S Clinton Ave, Trenton, NJ 08611 presents a compelling investment opportunity. The 20,000 square foot building, constructed in 1940, sits on a 16,240 square foot lot (APN: 11-18801-00006) and is currently configured as a versatile flex office space. The three-story structure offers significant potential for expansion and diversification of income streams. A key feature is an existing upper-floor gym, currently generating rental income. This demonstrates the property's capacity for multiple revenue sources. The property's classification as mixed-use, encompassing office and self-storage elements, allows for a wide range of potential uses and future development. The asking price is $799,990. Located in Mercer County, this property benefits from its strategic position in Trenton, New Jersey, offering easy access to major transportation routes and a thriving local market. This is an ideal opportunity for investors seeking a high-return property with significant upside potential in a desirable location. The property's size and existing income-generating component make it a particularly attractive investment. Serious inquiries are encouraged to explore the full potential of this remarkable asset.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,073,243
    Hospitality
    $2,815,074
    Educational
    $2,342,109
    Medical
    $2,422,658
    Retail
    $3,643,280

Location Insight

City
Trenton
County
Mercer
State
New Jersey
Latitude
40.2075
Longitude
-74.7476
CBSA code
45940
CBSA name
TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$28,655
$98,500
$426,500
$525,000
-
$98,500
$426,500
$525,000

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