Automotive Garage with Residential
1570 PRINCETON AVENUE Trenton, NJ 08638
For Sale
$650,000
Pending
Versatile property with service station and spacious home.
Property Size2,592 SF
Days on Market593
Property Features for 1570 PRINCETON AVENUE
General Information
Standard status
Pending
Size
2,592 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Residential Brokerage - Princeton
(973) 903-6777
Listed By:
Jean Rubin · License #894880
(973) 903-6777
Source:
Exitrealty
Added: Dec 12, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:19AM
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 Coldwell Banker Residential Brokerage - Princeton
Investment Insights
Based on property information with market context.
Located at the corner of Princeton Avenue and Spruce Street, this property features a 2,592-square-foot service station suitable for any automotive business. The service station includes four garage doors: two front overhead doors measuring 11' 6" and 10' 7" high, and two rear overhead doors measuring 11' 6" and 10' high. It is equipped with two lifts, including an in-ground lift, and provides ample space for various repair services. Parking is available at the rear of the property. Adjacent to Lawrence Township, the property offers exposure in a prime Trenton location. In addition to the service station, the property includes a spacious home that can be restored for use as a residence or rental property. This property is suitable for business or investment purposes, offering both commercial and residential potential.
Key Highlights
- Prime corner location on Princeton Ave and Spruce St. with high exposure, adjacent to Lawrence Township.
- 2,592 sq. ft. service station ideal for any automotive business.
- Four garage doors (two front, two rear) with heights ranging from 10' to 11' 6".
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $28.80 |
| − Vacancy | −$5.4k | −$2.07 |
| EGI | $69.3k | $26.73 |
| − OpEx | −$20.8k | −$8.02 |
| NOI | $48.5k | $18.71 |
2,592 SF · lease $28.80/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$692.7K
$606.2K – $808.2K
NOI $48,492 @ 7.0% cap · market cap 7.46%
Second Best
Retail
$553.7K
$484.5K – $646.0K
NOI $38,761 @ 7.0% cap · market cap 5.96%
Theoretical Best
Warehouse
$833.9K
$729.7K – $972.9K
NOI $58,376 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Miko Auto Center — 735 n clinton ave, trenton, nj 08638
- J J Mechanic Auto Care — 97 e paul ave, trenton, nj 08638
- Alex’s Auto Repair .LLC — 97 E Paul Ave, Trenton, NJ 08638
- Cmj Tints — 1816 N Olden Ave, Ewing Township, NJ 08638
- Mercer Wrecking & Recycling — 1519 Calhoun St, Trenton, NJ 08638
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile property with service station and spacious home.
Where is this auto shop located?
The property is located at 1570 PRINCETON AVENUE Trenton, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime corner location on Princeton Ave and Spruce St. with high exposure, adjacent to Lawrence Township.; 2,592 sq. ft. service station ideal for any automotive business.; Four garage doors (two front, two rear) with heights ranging from 10' to 11' 6".
