611 Mrtn King Jr Trenton, NJ 08618
- Mixed-use properties
- 0.05 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 611 Mrtn King Jr
- Year built
- 1950
- Lot size
- 0.05 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property located at 611 Martin Luther King Jr Boulevard in Trenton, New Jersey, presents a unique investment opportunity. The property encompasses a ground-floor storefront, ideal for a variety of retail or commercial ventures, combined with a one-bedroom apartment situated above. This configuration offers immediate income potential from both commercial and residential tenants. A significant advantage is the substantial rear lot, measuring 0.05 acres, which provides ample space for future expansion. Detailed expansion plans are already in place and will be provided to the buyer as part of the sale, facilitating a seamless and potentially lucrative development project. The property is priced competitively at $179,900, representing a strong value proposition for investors seeking a versatile and expandable asset in a growing urban area. The existing structure offers immediate return, while the expansive lot allows for significant future growth and increased profitability. This is a rare opportunity to acquire a property with both immediate income and substantial long-term potential in a desirable Trenton location. Serious inquiries are encouraged to view this property before it is sold.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7799
- Latitude
- 40.2627
