Freestanding Commercial Building For
988 Spruce St Trenton, NJ 08648
988 Spruce St, Trenton, NJ, 08648
$420,000
Pending
For Sale
$420,000
Pending
2500 sq ft commercial building in thriving Lawrence Twp.
Property Size2,500 SF
Lot Size0.29 Acres
Days on Market256
Property Features for 988 Spruce St
General Information
- Standard status
- Pending
- Size
- 2,500 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing Agency
RE/MAX 1ST ADVANTAGE
(732) 382-0200
Listed by
ROBERT DEKANSKI · License #232901
Source
Corcoran
Added: Nov 5, 2025 Checked: Jul 19 at 4:33 am
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 RE/MAX 1ST ADVANTAGE
Investment Insights
Based on property information with market context.
This freestanding commercial building offers an investment opportunity in Lawrence Township. The property, totaling 2500 sq ft, is situated on a busy highway location. Zoned HC, the building is currently used for light industrial and manufacturing purposes. The front workspace measures approximately 23'9x61, with an additional rear workspace of 23'7x39'3, and includes a private half bath. On-site parking is available, with room for trailers. The location provides convenient access to shopping, major roads, and public transit.
Key Highlights
- Freestanding 2500 sq ft commercial building
- High visibility location on a busy highway
- Zoned HC, suitable for light industrial and manufacturing
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $14.04 |
| − Vacancy | −$2.5k | −$1.01 |
| EGI | $32.6k | $13.03 |
| − OpEx | −$11.4k | −$4.56 |
| NOI | $21.2k | $8.47 |
2,500 SF · lease $14.04/SF/yr · vacancy 7.20% · expense 35.00%
Alternative Uses
Best Use
Industrial
$668.2K
$584.6K – $779.5K
NOI $46,771 @ 7.0% cap · market cap 11.14%
Second Best
Flex RnD
$302.5K
$264.7K – $352.9K
NOI $21,172 @ 7.0% cap · market cap 5.04%
Theoretical Best
Warehouse
$804.3K
$703.8K – $938.4K
NOI $56,304 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Majeski Machine Corporation
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 2500 sq ft commercial building in thriving Lawrence Twp.
Where is this manufacturing property located?
The property is located at 988 Spruce St Trenton, NJ.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Freestanding 2500 sq ft commercial building; High visibility location on a busy highway; Zoned HC, suitable for light industrial and manufacturing
