169 Pennington AveTrenton, NJ 08618

  • Other commercial real estate
  • 2,321 SF
For Sale
$495,000 View listing

Property Details for 169 Pennington Ave

Year built
1861
Construction
FRAME
Lot size
0.10 AC
Property size (Sq ft)
2,321 SF
Property type
Other commercial real estate
APN
11 04501-0000-00015
APU
1104501000000015

Description

This exceptional 0.097-square-foot commercial land parcel presents a unique investment opportunity in the heart of Trenton, New Jersey. Located at 169 Pennington Avenue, this property boasts a rich history, having been built in 1861. The three-story building on the site offers significant potential for redevelopment or repurposing, catering to a variety of commercial uses. Given its prime location and historical significance, this property is ideally suited for an investor seeking a high-impact project. The asking price is $495,000. The property's zoning and permitted uses should be independently verified. While the lot size is recorded as 0.097 square feet, potential buyers are strongly encouraged to conduct their own due diligence to confirm the exact dimensions and boundaries of the property. This is a rare chance to acquire a piece of Trenton's history and capitalize on its future potential. The property's address is 169 Pennington Avenue, Trenton, NJ 08618. The property is located in Mercer County. Further details regarding the property's condition and potential uses are available upon request. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $439,224
    Hospitality
    $402,327
    Educational
    $334,731
    Medical
    $346,243
    Retail
    $520,693
169 Pennington Ave, Trenton, New Jersey

Location Insight

City
Trenton
County
Mercer
State
New Jersey
Latitude
40.229
Longitude
-74.7689
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
$6,184
$30,600
$82,700
$113,300
-
$30,600
$82,700
$113,300

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