126 Lexington StTrenton, NJ 08611

  • Other commercial real estate
  • 8,000 SF
For Sale
$725,000 View listing

Property Details for 126 Lexington St

Year built
1950
Construction
BRICK
Lot size
98,922.00 AC
Property size (Sq ft)
8,000 SF
Property type
Other commercial real estate
APN
11 11203-0000-00001- 01
APU
111120300000000101

Description

This exceptional 8,000-square-foot creative office space, located at 126 Lexington St in Trenton, New Jersey, presents a unique investment opportunity. Housed in a historic, two-story industrial brick building, this property underwent a complete renovation in 2020. The first floor boasts 12-foot ceilings, warehouse space ideal for various uses, several offices, a bathroom, and an overhead door, providing flexibility for diverse business needs. The second floor offers a more traditional office layout, including multiple offices, cubicles, two bathrooms, a full kitchen, and a conference room, perfect for collaborative work environments. The building features a 600-amp service, fire and security alarm systems, and a fully sprinklered space with hot air gas heat and central air conditioning, ensuring both safety and comfort. An 11,000-square-foot lot provides ample parking, secured by a surrounding metal fence. Additional storage is available in the basement. This prime location offers strong visibility from Route 29, providing excellent access and exposure. Situated in a quiet, stable area of Trenton, this property combines historic charm with modern functionality, making it an ideal space for a variety of businesses. The property is zoned for residential use and consists of one building with two units. The asking price is $725,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,513,913
    Hospitality
    $1,386,736
    Educational
    $1,153,748
    Medical
    $1,193,427
    Retail
    $1,794,719
126 Lexington St, Trenton, New Jersey

Location Insight

City
Trenton
County
Mercer
State
New Jersey
Latitude
40.2064
Longitude
-74.761
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
$28,818
$100,100
$427,900
$528,000
-
$100,100
$427,900
$528,000

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