Retail Strip Mall For
For Sale
$9,082,000
359 Pennington Ave, Trenton, NJ 08618
For sale retail strip mall at 359 Pennington Avenue with 57,830 square feet of commercial space.
Property Size57,830 SF
Price / SF$157.05
Days on Market48
Property Features for 359 Pennington Ave
General Information
Standard status
Active
Size
57,830 SF
Property subtype
Shopping Strip
Additional Details
Cap Rate
7%
Amenities
96% Occupied Grocery-Anchored Shopping Center
Ownership has made Significant Recent Investments in the Property, Including Repainting and Replacing Majority of Rooftop HVAC Units in 2024
Situated on 5.35 Acres with 216 Parking Spaces, the Property Offers an Irreplaceable Infill Footprint
Building Details
Building Size
57,830 SF
Year Built
2003
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6118
Listed By:
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source:
Marcusmillichap
Added: Jul 15
Changed: Aug 21
Last Checked: Aug 30 at 1:16PM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to exclusively present 359 Pennington Avenue, Trenton, Mercer County, New Jersey, a retail strip mall available for sale.
The offering totals 57,830 square feet and is positioned as a retail property within the broader commercial real estate market in Trenton. Public remarks for the listing also reference a 7.00% figure; please refer to the offering materials for context.
Additional details on unit mix, occupancy, and specific improvements are not provided in the public information available here.
The offering totals 57,830 square feet and is positioned as a retail property within the broader commercial real estate market in Trenton. Public remarks for the listing also reference a 7.00% figure; please refer to the offering materials for context.
Additional details on unit mix, occupancy, and specific improvements are not provided in the public information available here.
Key Highlights
- Retail strip mall for sale at 359 Pennington Avenue, Trenton, Mercer County, New Jersey
- 57,830 sq ft of commercial space
- Year built: 2003
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 08618, NJ
37,544
Population
15,284
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
6,363
Density / Sq Mi
$48,179
Median Household Income
$33,040
Median Earnings
$1,117
Median Rent
$211,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Strip mall - For sale retail strip mall at 359 Pennington Avenue with 57,830 square feet of commercial space.
Where is this strip mall located?
The property is located at 359 Pennington Ave Trenton, NJ.
What is the asking price?
The asking price for this property is $9,082,000.
What are key features of this property?
This property features: Retail strip mall for sale at 359 Pennington Avenue, Trenton, Mercer County, New Jersey; 57,830 sq ft of commercial space; Year built: 2003
