1566 Edgewood AveTrenton, NJ 08618

  • Other commercial real estate
  • 1,500 SF
For Sale
$315,000 View listing

Property Details for 1566 Edgewood Ave

Year built
1955
Construction
METAL FRAME
Lot size
0.03 AC
Property size (Sq ft)
1,500 SF
Property type
Other commercial real estate
APN
11 36601- 01-00003
APU
11366010100003

Description

This exceptional commercial property, located at 1566 Edgewood Ave in Trenton, New Jersey, presents a unique investment opportunity. The 2,000 square foot building, situated on a 2,000 square foot lot, is currently configured as a convenience store and grocery store. Built in 1955, the property boasts a highly desirable location at the intersection of Bruce Park Drive and Edgewood Avenue, ensuring high visibility and accessibility for potential customers. The asking price is $315,000, translating to $157.50 per square foot. The property features one unit with 2,000 square feet of net rentable space and includes two parking spaces. The permitted zoning is COMMERCIAL, offering flexibility for a variety of retail uses. This is a for sale by owner opportunity, allowing for direct negotiation and a streamlined transaction process. The property's prime location and versatile layout make it an ideal investment for both seasoned entrepreneurs and first-time commercial property owners seeking a strong return on investment in the thriving Trenton market. The 08618 zip code offers excellent access to local amenities and a strong customer base. Don't miss this chance to acquire a well-positioned retail space in a high-traffic area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $283,859
    Hospitality
    $260,013
    Educational
    $216,328
    Medical
    $223,768
    Retail
    $336,510
1566 Edgewood Ave, Trenton, New Jersey

Location Insight

City
Trenton
County
Mercer
State
New Jersey
Latitude
40.2372
Longitude
-74.7993
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
$2,522
$29,600
$16,600
$46,200
-
$29,600
$16,600
$46,200

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