113 Warren St Trenton, NJ 08608-2309

Property Details for 113 Warren St

Year built

1950

Construction

BRICK

Lot size

0.04 lot acres

Property size

3,573 SF

Zone code

HIST

Property type

Commercial real estate

APN

11 00107-0000-00011- 01

APU

110010700000001101

Description

This exceptional mixed-use property at 113 S Warren St, Trenton, NJ 08608, offers a unique investment opportunity. The 3,396 square foot building, constructed in 1950 and renovated in 2017, boasts a profitable ground-floor restaurant tenant under lease until February 27, 2025. The first floor comprises approximately 1,400 square feet of commercial space, plus a basement. Two 700 square foot, one-bedroom apartments occupy the second and third floors, each featuring a washer/dryer and newly installed ductless mini-split heating and cooling systems. All units have separate meters for gas and electric. The restaurant features central AC and an 11' cooking hood. The owner's utility bill is under $300 monthly. The property sits on a 0.04-acre lot (APN: 11-00107-00011 01) and is zoned HIST. Located in Trenton's central business district, it benefits from high pedestrian traffic and is part of a business improvement district focused on enhanced cleaning, safety, marketing, and tourism. The city is actively developing a "restaurant row" district with planned sidewalk upgrades. Grants are available for exterior improvements. The property enjoys convenient access to major roadways (Routes 29, 129, 195, 295, 206, and 31), proximity to the Trenton Transit Center, Mill Hill Park, and the NJ Statehouse. Nearby developments include significant residential projects adding to the area's growth potential. The asking price is $529,000 ($155.77/sq ft), and a stabilized pro forma indicates a 9% cap rate. The property is offered fee simple.