Food and Beverage
For Sale
Contact for pricing
255 NASSAU STREET #KIOSK, Princeton, NJ 08540
Set up for light on-site food and drink preparation, with service capabilities and permitted outdoor seating.
Property Size250 SF
Price / SF$7.20
Days on Market52
Property Features for 255 NASSAU STREET #KIOSK
General Information
Standard status
Active
Size
250 SF
Property subtype
Commercial
Building Details
Year Built
2017
Listing Agency:
Keller Williams Real Estate - Princeton
(609) 987-8889
Listed By:
Linda A Fahmie · License #9913362
(609) 610-4730
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 24 at 5:05PM
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 - Princeton
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Investment Insights
Based on property information with market context.
This 2017-built kiosk is configured for light food and beverage preparation and customer service. The compact format supports a focused culinary or drink concept, while outdoor seating with tables and umbrellas is permitted.
The property is positioned at Carnevale Plaza along 255 Nassau Street in downtown Princeton. It sits in the pedestrian-oriented section of east Nassau Street, within steps of Princeton University and surrounded by food options that offer outdoor seating and music. The setting draws students, university staff, local residents, and visitors.
The property is positioned at Carnevale Plaza along 255 Nassau Street in downtown Princeton. It sits in the pedestrian-oriented section of east Nassau Street, within steps of Princeton University and surrounded by food options that offer outdoor seating and music. The setting draws students, university staff, local residents, and visitors.
Key Highlights
- Kiosk at Carnevale Plaza, 255 Nassau Street, Princeton, NJ 08540
- Built in 2017
- Configured for light food and beverage preparation and service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,006
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,120
$80.1K
Cap Rate 7%
$57,229
$57.2K
Cap Rate 9%
$44,511
$44.5K
Market Conditions
NOI Build-Up for 250 SF
Gross rent
$5.6K $22.44/SF
− Vacancy
−$269 −$1.08/SF
EGI
$5.3K $21.36/SF
− OpEx
−$1.3K −$5.34/SF
NOI
$4.0K $16.02/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,120
Cap Rate 7%
$57,229
Cap Rate 9%
$44,511
Alternative Uses
Best Use
Specialty Retail
$57.2K
$50.1K – $66.8K
NOI $4,006 @ 7.0% cap · market cap 222.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$80.4K
$70.4K – $93.8K
NOI $5,630 @ 7.0% cap · market cap 312.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,241 visits/mo
0.1 miles
Bank of America
Shops & Services
5,049 visits/mo
0.3 miles
TD Bank
Shops & Services
2,415 visits/mo
0.1 miles
Sunoco
Shops & Services
1,042 visits/mo
0.0 miles
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Set up for light on-site food and drink preparation, with service capabilities and permitted outdoor seating.
Where is this conventional restaurant located?
The property is located at 255 NASSAU STREET #KIOSK Princeton, NJ.
What are key features of this property?
This property features: Kiosk at Carnevale Plaza, 255 Nassau Street, Princeton, NJ 08540; Built in 2017; Configured for light food and beverage preparation and service
