Khosla Property

Retail-Commercial for Sale
Catylist Listing ID: 30217071
Property Subtypes: Restaurant
Building Size (RSF): 1,857 SF
Gross Building Area: See Agent
Sale Price: $299,900
Unit Price: $161.50 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/28/2018

Overview / Comments

The property is improved with one story 1,857+/- SF retail/office use. The building was constructed in 1925+/-. The building has a brick exterior, concrete slab foundation and a flat roof surfaced with a rubberized membrane.

The building is serviced by a gas fired forced hot air heating system. Cooling is provided by a forced air system. The electrical service to the building is single phase 200+/- amp.

The building is currently leased as $2,200.00 per month to a popular Jamaican restaurant. The Tenants have expressed an interest in staying or a buyer could occupy the building themselves.The owner states there is a possibility of adding a second floor onto the building, as it is allowable as per the city code.

Located in close proximity to various state offices as well as the Wyndham Garden Hotel on Lafayette Street. This location is highly visible and benefits from exceptional foot traffic. Across the street is the new Starbucks.

Trenton is the capital of New Jersey Arts and Cultures, and the Epicenter of New Jersey government politics. With affordable sports and entertainment venues, historic site and great restaurants, Trenton has something for everyone. Whether its business meetings, conferences, festivals, art and theater events or simply a nice dinner out, Trenton is the most accessible New Jersey City. Come for business, stay for fun.

Additional Details

Nearest MSA: Trenton
County: Mercer
Zoning: BUSINESS A
Largest Nearby Street: West Front
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Description: On street - Parking Garage
Zoning Description: Business A (BA): The district allows for the following uses among others: Retail Sales and Service, Professional Business and Office, Restaurants, Theaters, Multi Story Garage. The complete zoning ordinance is available upon request.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 39,216 155,254 293,163
Median Age: 34.37 35.48 38.01
Households: 14,404 55,795 106,730
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