Corner Mixed-Use Retail and
For Sale
$548,000
101 Ashmore Ave, Trenton, NJ 08611
Corner property with renovated street-level retail and a finished basement, plus a three-bedroom apartment above.
Property Size2,548 SF
Price / SF$215.07
Days on Market99
Property Features for 101 Ashmore Ave
General Information
Standard status
Active
Size
2,548 SF
Total Parking Spaces
10
Zoning
R
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,666
Amenities
Central Air
Natural Gas
On Street
Building Details
Building Size
2,548 SF
Year Built
1950
Stories
3
Listing Agency:
OPUS ELITE REAL ESTATE OF NJ, LLC
Listed By:
Juanys A Palinczar
(609) 672-0938
Source:
Evrealestate
Added: Jul 16
Changed: Oct 9
Last Checked: Oct 20 at 8:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OPUS ELITE REAL ESTATE OF NJ, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained corner mixed-use property combines commercial and residential space in a single building. The first floor features a renovated commercial area currently operating as a full service beauty salon, with dedicated rooms for hair styling and barber services, nail care and esthetics, reception and waiting areas, treatment rooms, storage, and additional workspace. High ceilings and large storefront windows provide abundant natural light and strong street presence. A finished basement adds office space along with a spa-like room, kitchenette, laundry, and storage areas.
The second floor includes a residential apartment with three bedrooms, a full bathroom, and a bright kitchen with a dedicated dining area. The property is described as being conveniently located near major highways, public transportation, shopping, restaurants, and local amenities.
As an owner-occupant or investment setup, the layout offers distinct commercial and residential components that can be managed within one property.
The second floor includes a residential apartment with three bedrooms, a full bathroom, and a bright kitchen with a dedicated dining area. The property is described as being conveniently located near major highways, public transportation, shopping, restaurants, and local amenities.
As an owner-occupant or investment setup, the layout offers distinct commercial and residential components that can be managed within one property.
Key Highlights
- Corner mixed‑use property with renovated street‑level commercial space and a finished basement
- Commercial first floor operates as a full service beauty salon with styling, barber, nail care, esthetics, reception, and treatment rooms
- Basement is finished with office space, a spa‑like room, kitchenette, laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,103
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,060
$762.1K
Cap Rate 7%
$544,329
$544.3K
Cap Rate 9%
$423,367
$423.4K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$57.2K $22.44/SF
− Vacancy
−$2.7K −$1.08/SF
EGI
$54.4K $21.36/SF
− OpEx
−$16.3K −$6.41/SF
NOI
$38.1K $14.95/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,060
Cap Rate 7%
$544,329
Cap Rate 9%
$423,367
Alternative Uses
Best Use
Retail
$544.3K
$476.3K – $635.1K
NOI $38,103 @ 7.0% cap · market cap 6.95%
Second Best
Mixed Use
$480.5K
$420.4K – $560.6K
NOI $33,634 @ 7.0% cap · market cap 6.14%
Theoretical Best
Warehouse
$819.8K
$717.3K – $956.4K
NOI $57,385 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,685
Businesses Nearby
Explore this area
Business Placement
Demographics for 08611, NJ
31,531
Population
11,638
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
2.9 sq mi
ZIP Area
10,873
Density / Sq Mi
$50,806
Median Household Income
$29,185
Median Earnings
$1,300
Median Rent
$142,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Corner property with renovated street-level retail and a finished basement, plus a three-bedroom apartment above.
Where is this live-work space located?
The property is located at 101 Ashmore Ave Trenton, NJ.
What is the asking price?
The asking price for this property is $548,000.
What are key features of this property?
This property features: Corner mixed‑use property with renovated street‑level commercial space and a finished basement; Commercial first floor operates as a full service beauty salon with styling, barber, nail care, esthetics, reception, and treatment rooms; Basement is finished with office space, a spa‑like room, kitchenette, laundry, and storage
