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    169 Pennington Ave Trenton, NJ 08618

    Sponsored
    For Sale
    $495,000

    Historic Trenton Land, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.097-square-foot commercial land parcel presents a unique investment opportunity in the heart of Trenton, New Jersey. Located at 169 Pennington Avenue, this property boasts a rich history, having been built in 1861. The three-story building on the site offers significant potential for redevelopment or repurposing, catering to a variety of commercial uses. Given its prime location and historical significance, this property is ideally suited for an investor seeking a high-impact project. The asking price is $495,000. The property's zoning and permitted uses should be independently verified. While the lot size is recorded as 0.097 square feet, potential buyers are strongly encouraged to conduct their own due diligence to confirm the exact dimensions and boundaries of the property. This is a rare chance to acquire a piece of Trenton's history and capitalize on its future potential. The property's address is 169 Pennington Avenue, Trenton, NJ 08618. The property is located in Mercer County. Further details regarding the property's condition and potential uses are available upon request. Serious inquiries only.

    Property Features for 169 Pennington Ave

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1861
    Stories
    3

    HighLights

    • $495,000 asking price.
    • Land and retail property.
    • Located at 169 Pennington Avenue, Trenton, NJ 08618.
    • 0.097‑acre lot.
    • Three‑story building, built in 1861.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Chicken Brothers Deli TaraTravis School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7687045
    Latitude
    40.229032

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    FAQs

    What type of property is this?
    Retail property - Historic Trenton Land, Prime Location
    Where is this retail property located?
    The property is located at 169 Pennington Ave Trenton, NJ.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price.; Land and retail property.; Located at 169 Pennington Avenue, Trenton, NJ 08618.
    Request Owner's contact information
    169 Pennington Ave Trenton, NJ 08618
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    Trenton, NJ 08618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    169 Pennington Ave Trenton, NJ 08618
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