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    671 Pennington Ave Trenton, NJ 08618

    For Sale
    $255,000

    Prime Medical Office, 1872 SF, $255K

    Property size:
    1,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,872-square-foot medical office building presents a unique investment opportunity in Trenton, New Jersey. Located at 671 Pennington Avenue, this single-story, 1950-built property is situated on a 0.11-acre lot and is currently zoned for church use, offering flexibility for various commercial applications. The asking price is $255,000, translating to $136.22 per square foot. The building boasts four convenient on-site parking spaces, a significant advantage in this location. Its prime location offers easy access to major roadways, including Routes 1 and 206, providing seamless interstate connectivity. Furthermore, the property enjoys a highly desirable location within walking distance of numerous amenities, including restaurants, pharmacies, other places of worship, and a local YMCA, enhancing its appeal to both tenants and potential buyers. This owner-user investment opportunity combines the benefits of a well-located property with the potential for diverse commercial uses. The property's existing configuration, while currently used as a place of worship, is readily adaptable to suit a variety of office or medical needs. This makes it an ideal choice for entrepreneurs and businesses seeking a versatile and conveniently located space in a thriving community. The 08618 zip code ensures easy access to Mercer County's vibrant business environment.

    Property Features for 671 Pennington Ave

    General Information

    Property type
    Medical offices
    Square Feet
    1,872 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1

    HighLights

    • 1,872 SF medical office building on a 0.11‑acre lot in Trenton, NJ, asking $255,000 ($136.22/SF).
    • Four on‑site parking spaces.
    • Convenient access to Routes 1 & 206, providing easy interstate connectivity.
    • Walking distance to restaurants, churches, and a YMCA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.77274
    Latitude
    40.235841

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 1872 SF, $255K
    Where is this medical office located?
    The property is located at 671 Pennington Ave Trenton, NJ.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: 1,872 SF medical office building on a 0.11-acre lot in Trenton, NJ, asking $255,000 ($136.22/SF).; Four on-site parking spaces.; Convenient access to Routes 1 & 206, providing easy interstate connectivity.
    Request Owner's contact information
    671 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
    671 Pennington Ave Trenton, NJ 08618
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