126 Lexington St Trenton, NJ 08611
- Commercial real estate
- 8,000 SF
- 98,922.00 lot acres
Current Use by Public Records
- Midatlantic Construction & Design - Midatlantic Commerical Aquatics / General Contractor / Construction Company
- K & Sdm Insulation / General Contractor
- Eco Green Construction Inc / General Contractor
Property Details for 126 Lexington St
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 98,922.00 lot acres
- Property size
- 8,000 SF
- Property type
- Commercial real estate
- APN
- 11 11203-0000-00001- 01
- APU
- 111120300000000101
Description
This exceptional 8,000-square-foot creative office space, located at 126 Lexington St in Trenton, New Jersey, presents a unique investment opportunity. Housed in a historic, two-story industrial brick building, this property underwent a complete renovation in 2020. The first floor boasts 12-foot ceilings, warehouse space ideal for various uses, several offices, a bathroom, and an overhead door, providing flexibility for diverse business needs. The second floor offers a more traditional office layout, including multiple offices, cubicles, two bathrooms, a full kitchen, and a conference room, perfect for collaborative work environments. The building features a 600-amp service, fire and security alarm systems, and a fully sprinklered space with hot air gas heat and central air conditioning, ensuring both safety and comfort. An 11,000-square-foot lot provides ample parking, secured by a surrounding metal fence. Additional storage is available in the basement. This prime location offers strong visibility from Route 29, providing excellent access and exposure. Situated in a quiet, stable area of Trenton, this property combines historic charm with modern functionality, making it an ideal space for a variety of businesses. The property is zoned for residential use and consists of one building with two units. The asking price is $725,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $375,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $380,000
- Mixed-Use
- $305,000
- Hospitality
- $350,000
- Educational
- $380,000
- Residential Income
- $305,000
- Energy
- $385,000
- Income-Based Land
- $330,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.761
- Latitude
- 40.2064
- CBSA code
- 45940
- CBSA name
- TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
