Mixed-Use Live-Work
137141 Stockton Street Hightstown, NJ 08520
For Sale
$924,900
Turnkey renovated historic building with showroom/office space and a residential-ready studio, plus dual-street access and ADA ramp.
Property Size3,812 SF
Price / SF$242.63
Days on Market181
Property Features for 137141 Stockton Street
General Information
Standard status
Active
Size
3,812 SF
Property subtype
Commercial
Building Details
Year Built
1770
Listing Agency:
Keller Williams Real Estate - Newtown
Listed By:
James Balletto
(833) 740-1234
Source:
Actionplusrealty
Added: Jan 30
Changed: Jul 28
Last Checked: Jul 29 at 4:48PM
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 Keller Williams Real Estate - Newtown
Investment Insights
Based on property information with market context.
A renovated historic live-work property that blends preserved character with modern building systems. The layout includes a main showroom and office space with 9-foot ceilings, custom trim details, energy-efficient windows, and preserved historic staircase elements. Full bathrooms are provided on both the first and second floors. A separate back portion includes a residential-ready studio with a full kitchen, offering live-work flexibility or separate occupancy.
The site features expansive circular driveway access with ingress and egress from both Stockton Street and Railroad Avenue, positioned adjacent to a municipal public parking lot. Exterior work includes replaced cedar siding and low-maintenance synthetic trim, supported by established landscaping maintained with a dedicated sprinkler and drip system on its own water meter. A concrete ADA-compliant access ramp is included.
Located in the Downtown Gateway (DTG) Zone, the property is presented for a range of “as-of-right” uses. The building is positioned for regional connectivity, including proximity to Princeton Junction and the NJ Turnpike (Exit 8).
The site features expansive circular driveway access with ingress and egress from both Stockton Street and Railroad Avenue, positioned adjacent to a municipal public parking lot. Exterior work includes replaced cedar siding and low-maintenance synthetic trim, supported by established landscaping maintained with a dedicated sprinkler and drip system on its own water meter. A concrete ADA-compliant access ramp is included.
Located in the Downtown Gateway (DTG) Zone, the property is presented for a range of “as-of-right” uses. The building is positioned for regional connectivity, including proximity to Princeton Junction and the NJ Turnpike (Exit 8).
Key Highlights
- Built c. 1770 historic “Smith House” at 137‑141 Stockton Street, mixed commercial/residential use
- Three‑year top‑to‑bottom renovation with replaced major systems including natural gas forced‑heat and central air (3 independent HVAC units)
- 3,300 SF main showroom and office with preserved original staircase and full bathrooms on both the 1st and 2nd floors
Financial Insights For Mixed Use
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 | $91.5k | $24.00 |
| − Vacancy | −$11.0k | −$2.88 |
| EGI | $80.5k | $21.12 |
| − OpEx | −$30.2k | −$7.92 |
| NOI | $50.3k | $13.20 |
3,812 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$718.8K
$629.0K – $838.6K
NOI $50,318 @ 7.0% cap · market cap 5.44%
Second Best
Office B
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 3.70%
Theoretical Best
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,852 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Turnkey renovated historic building with showroom/office space and a residential-ready studio, plus dual-street access and ADA ramp.
Where is this live-work space located?
The property is located at 137141 Stockton Street Hightstown, NJ.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Built c. 1770 historic “Smith House” at 137‑141 Stockton Street, mixed commercial/residential use; Three‑year top‑to‑bottom renovation with replaced major systems including natural gas forced‑heat and central air (3 independent HVAC units); 3,300 SF main showroom and office with preserved original staircase and full bathrooms on both the 1st and 2nd floors
