42-44 Lafayette StTrenton, NJ 08608

Property Details for 42-44 Lafayette St

Year built

1950

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

3,087 SF

Property type

Commercial real estate

APN

11 01903-0000-00016

APU

1101903000000016

Description

This fee-simple medical office building, located at 42-44 W Lafayette St in Trenton, NJ (08608), offers 3,312 square feet of net rentable space across two stories. Built in 1950 and extensively renovated in 2013, the property boasts a new roof (installed in 2021) and well-maintained systems. The building features eight private offices (with potential for nine), a reception area, a newly renovated kitchenette, and a three-quarter finished basement. The permitted zoning is B-A. The asking price is $410,000, translating to $123.79 per square foot. Conveniently situated in downtown Trenton, the property enjoys close proximity to the war memorial and major roadways including Route 1, 29, I-295, and I-95. Access to both the Calhoun Street Bridge and the Morrisville Bridge is easily accessible. Secure private parking is provided via a security gate. This presents a compelling opportunity for medical professionals seeking a well-maintained, conveniently located office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $578,423

  6.5%

  $533,929

  7%

  $495,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $403,347

  Geo Method

  $403,347

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,051,180

  Retail / Commercial

  $539,042

  Mixed-Use / Specialty

  $537,120

  Hospitality / Lodging

  $394,068

  Office

  $533,929

  Institutional / Educational

  $558,388

  Residential Income

  $653,314

  Multifamily

  $783,550

  Automotive / Energy

  $478,618

  Parking / Income-Based Land

  $165,165

  Restaurant / Food Service

  $279,360

  Healthcare / Senior Housing

  $550,806

Location Insight

City

Trenton

County

Mercer

State

New Jersey

Latitude

40.2191

Longitude

-74.7677

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].