Freestanding Restaurant
For Sale
Contact for pricing
511 N OLDEN AVENUE, Trenton, NJ 08638
Food-service layout with corner positioning at Olden Avenue and N Clinton Avenue in Trenton.
Property Size1,056 SF
Price / SF$2.37
Days on Market52
Property Features for 511 N OLDEN AVENUE
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Buildings
1
Listing Agency:
NJ Capital Realty LLC
(609) 394-1114
Listed By:
Jerome Beckworth · License #8745170
(609) 933-5024
Source:
Cummingsrealtors
Added: Sep 5
Changed: Oct 26
Last Checked: Oct 26 at 4:09PM
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 NJ Capital Realty LLC
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Investment Insights
Based on property information with market context.
This freestanding commercial property contains 1,056 square feet and was built in 1950. Its current configuration supports food-service operations, with potential for restaurant, café, bakery, or takeout-oriented use based on the existing setup. The building may also accommodate other retail concepts, subject to municipal verification of zoning, permits, and allowable uses.
The property occupies the corner of Olden Avenue and N Clinton Avenue in Trenton, providing access from two commercial corridors. Public transit routes and surrounding merchant hubs are identified nearby, adding to the site's connection with the surrounding area. Prospective users should independently confirm the property's permitted uses and physical details with the municipality.
The property occupies the corner of Olden Avenue and N Clinton Avenue in Trenton, providing access from two commercial corridors. Public transit routes and surrounding merchant hubs are identified nearby, adding to the site's connection with the surrounding area. Prospective users should independently confirm the property's permitted uses and physical details with the municipality.
Key Highlights
- Freestanding 1,056‑square‑foot commercial property
- Food‑service configuration suited to restaurant, café, bakery, or takeout use
- Corner location at Olden Avenue and N Clinton Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,791
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$23.7K $22.44/SF
− Vacancy
−$1.1K −$1.08/SF
EGI
$22.6K $21.36/SF
− OpEx
−$6.8K −$6.41/SF
NOI
$15.8K $14.95/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Specialty Retail
$241.7K
$211.5K – $282.0K
NOI $16,919 @ 7.0% cap · market cap 676.76%
Second Best
Retail
$225.6K
$197.4K – $263.2K
NOI $15,791 @ 7.0% cap · market cap 631.64%
Theoretical Best
Warehouse
$339.8K
$297.3K – $396.4K
NOI $23,783 @ 7.0% cap · market cap 951.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
Under-served
Demand for This Use
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
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 - Food-service layout with corner positioning at Olden Avenue and N Clinton Avenue in Trenton.
Where is this conventional restaurant located?
The property is located at 511 N OLDEN AVENUE Trenton, NJ.
What are key features of this property?
This property features: Freestanding 1,056‑square‑foot commercial property; Food‑service configuration suited to restaurant, café, bakery, or takeout use; Corner location at Olden Avenue and N Clinton Avenue
