Prospect Street Portfolio Retail FOR SALE


Trenton, NJ - Pennington-Prospect
$1,997,000 USD
908-510-7089
, Trenton, NJ for Sale
$1,997,000 USD
Retail - FOR SALE
1/18
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Prospect Street Portfolio
Trenton, NJ
Pennington-Prospect


HIGHLIGHTS

  • 802 Prospect Street is a premier retail center with two freestanding single-story buildings totaling 19,794 SF on a 1-acre lot, built in 2015.
  • With one building vacant, investors or owner-users have the chance to implement strategies to capture market rents and unlock additional value.
  • Near national retailers like Family Dollar and close to residential neighborhoods and offices that drive consistent demand for local retail.
  • Direct exposure to 12,000 daily vehicles, providing unparalleled visibility and direct access to Route 31 and Route 1, connecting to Downtown Trenton.
  • Property is supported by a strong population of over 250,000 within 5 miles, contributing nearly $3 billion in annual consumer spending.
  • Trenton market has experienced rent growth of 1.3% year-over-year, presenting a lucrative opportunity to increase rents to market rates.

OVERVIEW

FOR SALE: 2 Buildings Freestanding Buildings on Large Lot. 802 Prospect Street presents a unique opportunity for users or investors to acquire a multi-faced property in the heart of Trenton. The property consists of a ±13,724 SF former Dollar General which is currently vacant and ready for the next user. It also features a ±6,070 SF Office Building which is currently leased to a Non-Profit Organization, providing consistent and stable income. The property is ideal for investors seeking to lease the vacant building and collect income, or business owners looking to relocate to the property. The vacant ±13,724 SF building is ideal for some of the following uses: Retail Uses such as: Dollar Store, Grocery Store, Liquor Store, Banquet Hall, Indoor Play Park, etc. Industrial Uses such as: Product Storage and Supplies, Food Storage, Light Manufacturing, Warehousing, etc. Professional Uses: Wellness Center, Non-Profit Headquarters, Urgent Care, House of Worship, etc, or wide variety of additional ideal uses. Property Features: • Total of ±19,794 SF between 2 Buildings • ±96 Total Acres • Parking for ±45 Cars • Large Pylon Sign and Facade Signage • ±13,724 Building Features Wide Open Floorplan, High Ceilings, Wide Columns, & Natural Light • ±6,070 SF Office Building is Nicely Finished and Tenanted, Providing Stable Income • Real Estate Taxes: $82,287 per year ($4.15 PSF) • Asking Price: $1,997,000 ?The property is located on Prospect Street, minutes from downtown Trenton, Routes 1, 195, 295, with quick access to Pennsylvania. Please call Broker for more information or to schedule a showing.

ASK ABOUT THIS PROPERTY

Brian WalshDavis CommercialMore Info
908-510-7089

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Brian WalshDavis CommercialMore Info
908-510-7089

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