127 N BROAD ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Trenton,NJ 08608
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $118
MLS Listing ID NJME2059212
Originating Board BRIGHT
Year Built 1950
Available Date 2025-05-12
Annual Tax Amount $9,687
Tax Year 2024
Lot Size 2,705 Sqft
Acres 0.06
Lot Dimensions 19.20 x 141.00
Property Sub-Type Five Or More Units
Property Description
Turnkey 7-Unit Mixed-Use Investment Opportunity in the Heart of Trenton.
This is a rare opportunity to acquire a fully operational, income-producing seven-unit mixed-use property located on Broad Street in the rapidly revitalizing downtown Trenton corridor. Ideal for investors seeking a stable asset with immediate returns and long-term growth potential, this property offers a blend of residential and commercial income streams in a high-demand rental market.
The building consists of 5 studio apartments and 1 one-bedroom unit, and a spacious ground-floor commercial retail space. Currently, five of the six residential units are occupied on a month-to-month basis, providing consistent cash flow and flexibility for future rental adjustments or upgrades. The retail space is presently vacant, offering an excellent value-add opportunity with an estimated monthly rental potential of $2,000. A new furnace has been recently installed, further enhancing the property's appeal as a turnkey investment. Strategically positioned within the boundaries of the Trenton Downtown Association, the property is eligible for various business incentives and grant programs designed to attract and support new commercial ventures. This location is considered prime, with strong pedestrian traffic and visibility. It is within walking distance to Mercer County College, the Trenton Public Library, the government offices, shopping centers, and multiple public transportation options. The property is being sold in as-is condition. The seller will make no repairs, and the buyer will be responsible for obtaining the Certificate of Occupancy. With solid in-place income, clear value-add potential in the commercial space, and the added advantage of downtown redevelopment incentives, this offering presents an exceptional investment opportunity for those looking to expand their portfolio in an emerging market.
For qualified investors, this property represents both stability and upside in a central, growing location. Owner pays for gas, water and sewer, tenant pays electric.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning MIXED USE, BA
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Flooring Wood
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Rubber,Other
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-00401-00024
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Other