Mixed-Use
For Sale
Contact for pricing
2175 Spruce Street, Trenton, NJ 08638
This 1965-built property carries BH zoning and supports a mixed-use commercial profile.
Property Size9,500 SF
Price / SF$347.37
Days on Market64
Property Features for 2175 Spruce Street
General Information
Standard status
Active
Size
9,500 SF
Class
B
Property subtype
Retail, Industrial, Mixed Use
Zoning
BH
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1965
Buildings
3
Units
3
Tenancy
Multi
Listing Agency:
Clifton CRE
Listed By:
Meir Mizrachi · License #NJ 1861520
Source:
Crexi
Added: Aug 4
Changed: Sep 22
Last Checked: Oct 5 at 4:32PM
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 Clifton CRE
Investment Insights
Based on property information with market context.
Located at 2175 Spruce Street in Trenton, New Jersey, this mixed-use property contains 9,500 square feet and was constructed in 1965. The property is zoned BH, providing its primary land-use designation for evaluation by prospective purchasers.
Key Highlights
- 9,500‑square‑foot mixed‑use property
- BH zoning designation
- Constructed in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,731
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,554,620
$3.6M
Cap Rate 7%
$2,539,014
$2.5M
Cap Rate 9%
$1,974,789
$2.0M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$273.6K $28.80/SF
− Vacancy
−$19.7K −$2.07/SF
EGI
$253.9K $26.73/SF
− OpEx
−$76.2K −$8.02/SF
NOI
$177.7K $18.71/SF
Area
Mercer County, NJ
Vacancy
7.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,554,620
Cap Rate 7%
$2,539,014
Cap Rate 9%
$1,974,789
Alternative Uses
Best Use
Industrial
$2.54M
$2.22M – $2.96M
NOI $177,731 @ 7.0% cap · market cap 5.39%
Second Best
Retail
$2.03M
$1.78M – $2.37M
NOI $142,063 @ 7.0% cap · market cap 4.30%
Theoretical Best
Warehouse
$3.06M
$2.67M – $3.57M
NOI $213,955 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 08638, NJ
23,548
Population
10,148
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
4,361
Density / Sq Mi
$65,650
Median Household Income
$40,374
Median Earnings
$1,499
Median Rent
$226,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - This 1965-built property carries BH zoning and supports a mixed-use commercial profile.
Where is this mixed-use property located?
The property is located at 2175 Spruce Street Trenton, NJ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 9,500‑square‑foot mixed‑use property; BH zoning designation; Constructed in 1965
