Automotive Garage with Residential Potential

1570 PRINCETON AVENUE, Trenton, NJ 08638

View on Map

For Sale

$650,000

Versatile property with service station and spacious home.

Type:Commercial/Industrial

Property size:

2,592 SF

Price / SF:

$250/SF

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".
Includes two lifts: one in‑ground lift and one additional lift.
Spacious home included, suitable for restoration as a residence or rental property.
Parking at the rear for customer and staff convenience.

We can help!

Listing Contact

Jean Rubin

For Sale

$650,000

Versatile property with service station and spacious home.

Type:Commercial/Industrial

Property size:

2,592 SF

Price / SF:

$250/SF

Added:: Dec 12, 2024
Days on Market:: 546
Last Refresh:: May 20 at 12:45 am

Property Features for 1570 PRINCETON AVENUE

General Information

Standard status: Active
Size: 2,592 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1920

We can help!

Listing Contact

Jean Rubin

Listing agent Jean Rubin License #894880

Listing office Coldwell Banker Residential Brokerage - Princeton

Listing date Dec 12, 2024

Source Exitrealty

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

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".
Includes two lifts: one in‑ground lift and one additional lift.
Spacious home included, suitable for restoration as a residence or rental property.
Parking at the rear for customer and staff convenience.

Overview

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.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $48,492 @ 7.0% cap · market cap 7.46%

Second Best

Retail

$553.7K

$484.5K – $646.0K (±1% cap)

NOI $38,761 @ 7.0% cap · market cap 5.96%

Theoretical Best

Warehouse

$833.9K

$729.7K – $972.9K (±1% cap)

NOI $58,376 @ 7.0% cap · market cap 8.98%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Reither Brothers Garage Auto Repair Shop

Suggested Use

Similar Places 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

Location Insight

Map
Local Demand

City: Trenton
County: Mercer
State: New Jersey
Longitude: -74.7509
Latitude: 40.2415

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For sale
Auto shops
NJ
Trenton
08638
1570 PRINCETON AVENUE

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".

1570 PRINCETON AVENUE, Trenton, NJ 08638

Versatile property with service station and spacious home.

Property Features for 1570 PRINCETON AVENUE

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Mixed-Use Multi-Family Building

Five-Unit Multifamily Asset Near Park

Freestanding Retail and Office Buildings

Renovated 3-Unit Income Property

Fully Renovated Duplex For Sale

Two-Unit Residential Income Property

Industrial Building with Overhead Crane

Turnkey Two-Family Home, Trenton City

Tenant-Occupied Duplex in Trenton

Two-Unit Duplex with Separate Utilities

Downtown Trenton Commercial Space Available

Trenton Three-Family Investment Opportunity

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