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1590 5 Th St

$950,000

1590 5 Th St, Trenton, NJ 08638

Active
Last Updated: 06/30/2025

0.09

Cap Rate

85,900

NOI

Details:
Cap Rate:    0.09%
NOI:    $85,900
Building Size:    9,838 sqft
Year Built:    1980
Price Per Sqft:    $96.56
Zoning:    COMMERCIAL
Roof:    Flat, Shingle
Highlights:
  • Days on Market: 280
  • Parking Features: Paved Parking
  • Heating: Forced Air
Description:

Two fully leased buildings with a 9% Cap Rate. Two buildings on one lot: Building 1 is a two story fully leased office building with one tenant on the first floor and two tenants on the 2nd floor. Tenants pay all utilities. Building 2 is a 5,038 sf Warehouse/garage building with 14.5 ft clear height and 6 vehicle lifts and is an existing auto use.
Tenant in Building 2 is on a three year lease. Large parking area with 15 spaces in front of building 1 and 28 spaces in the rear around Building 2. Building 2 is in the 500 years flood plain, however there is a pump system installed to minimize any flooding issues.
Seller will consider seller financing for a well qualified buyer with appropriate down payment. Property is located in Sub Area 8 of Olden Avenue Redevelopment Plan.

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