192 S Broad St - Apartments FOR SALE


Trenton, NJ 08608- Mill Hill
$795,000 USD
609-638-1367
192 S Broad St, Trenton, NJ for Sale
$795,000 USD
Apartments - FOR SALE
1/10
null | 6.4% Cap Rate

192 S Broad St
Trenton, NJ 08608
Mill Hill


HIGHLIGHTS

  • Established Restaurant on first floor
  • Walkable Mill Hill neighborhood close to public transportation
  • New Van Sciver 138 apartments under construction nearby

OVERVIEW

Turn-key restaurant, Courthouse Cafe and Catering, and 4 fully leased apartments above. Sale includes all restaurant equipment. Restaurant features kitchen behind the counter and additional kitchen at the rear for prep and catering. Owner and operated by the same family since 2006. 138 new apartments being constructed on the next block. Opportunity for owner-operator to operate a profitable business and save on housing by living above the restaurant. NJEDA Main Street Acquisition grant can provide $50,000 toward closing costs for owner occupant and City of Trenton UEZ program can provide a $40,000 loan that is forgivable if the owner stays operational for 5 years. Upstairs features two one bedroom apartments and two studio apartments. Property is fully licensed and inspected. Restaurant has an active catering business and current owner is willing to provide training and customer contact list to new buyer. Restaurant features new HVAC system. Plenty of storage space in the basement of the restaurant. Located adjacent to the Mill Hill Historic district. Easy access from Routes 1, 29, 129, 206, 195, 31, and 33. 10 minute walk from the Trenton Transit Center.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,000

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,222 SF

ZONING

C

APN/PARCEL ID

11-09501-0000-00009

ASK ABOUT THIS PROPERTY

Roland PottPott Real Estate LLCMore Info
609-638-1367

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Roland PottPott Real Estate LLCMore Info
609-638-1367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.