192 S Broad St, Trenton, NJ 08608

Building Details

Year Built 1920 More

Listing Agency: Pott Real Estate, LLC

Listed By: Roland S. Pott · License #0342277 Show Phone

Source: Lgagne

Added: Sep 24 Changed: Oct 26 Last Checked: Oct 7 at 1:55PM

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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 Pott Real Estate, LLC

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Investment Insights

Based on property information with market context.

This 4,640-square-foot mixed-use property pairs a restaurant with four fully leased apartments above. The residential mix includes two studios and two one-bedroom units. Restaurant features include a kitchen behind the counter, a separate rear kitchen for preparation and catering, included equipment, a new HVAC system and basement storage. The business also has an active catering operation and is licensed and inspected.

Built in 1920, the property is adjacent to the Mill Hill Historic District. Routes 1, 29, 129, 206, 195, 31 and 33 provide access, and Trenton Transit Center is a 10-minute walk away.

Key Highlights

• 4,640‑square‑foot mixed‑use property with restaurant and four leased apartments
• Apartment mix: two studios and two one‑bedroom units
• Restaurant includes equipment, a counter‑side kitchen and a separate rear prep and catering kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,818

Cap Rate

9.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,416,360 $1.4M

Cap Rate 7%

$1,011,686 $1.0M

Cap Rate 9%

$786,867 $786.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,640 SF

Gross rent

$139.2K $30.00/SF

− Vacancy

−$10.4K −$2.25/SF

EGI

$128.8K $27.75/SF

− OpEx

−$57.9K −$12.49/SF

NOI

$70.8K $15.26/SF

Area

Mercer County, NJ

Vacancy

7.50%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,416,360

Cap Rate 7%

$1,011,686

Cap Rate 9%

$786,867

Alternative Uses

Best Use

Specialty Retail

$1.06M

$929.3K – $1.24M (±1% cap)

NOI $74,343 @ 7.0% cap · market cap 9.59%

Second Best

Apartment 5plus

$1.01M

$885.2K – $1.18M (±1% cap)

NOI $70,818 @ 7.0% cap · market cap 9.14%

Theoretical Best

Warehouse

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,500 @ 7.0% cap · market cap 13.48%

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

Courthouse Cafe & Catering Restaurant

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service Real Estate Agency Tanning Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,448

Businesses Nearby

Explore this area Business Placement

Demographics for 08608, NJ

1,269

Population

645

Households

2

Avg Household Size

41

Median Age

25%

College-Educated

77%

High-School Grad

0.3 sq mi

ZIP Area

4,230

Density / Sq Mi

$48,232

Median Earnings

$1,009

Median Rent

Market

Average Price Trend$/SF for Mixed-use properties in Trenton, NJ

$121 Jul

$140 Aug

$109 Sep

$133 Oct

Properties on Market for Mixed-use properties in Trenton

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four leased apartments occupy the upper floor, including two studios and two one-bedroom units.

Where is this mixed-use property located?

The property is located at 192 S Broad St Trenton, NJ.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 4,640‑square‑foot mixed‑use property with restaurant and four leased apartments; Apartment mix: two studios and two one‑bedroom units; Restaurant includes equipment, a counter‑side kitchen and a separate rear prep and catering kitchen