Property profile

192 S Broad St Trenton, NJ 08608

FOR LEASE
Other commercial real estate
Property ID
US59-1393584
4,640 SF 0.05 ac lot Built 1950
Individually Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is configured as a fully licensed restaurant with food service facilities and catering, historically operated as Courthouse Cafe and Catering with four residential apartments above. The restaurant includes a kitchen behind the counter and an additional rear kitchen area used for prep and catering, and the sale is described as including the restaurant equipment. The upper level consists of two one-bedroom apartments and two studio apartments. A new HVAC system has been installed in the restaurant, and the basement provides storage space for the restaurant. The building is located adjacent to the Mill Hill Historic District, with access to multiple major routes including Routes 1, 29, 129, 206, 195, 31, and 33, and is approximately a 10-minute walk from the Trenton Transit Center. It is described as having been owner-operated by the same family since 2006 and as having active operations and appropriate licensing and inspections.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction BRICK
Total area 4,640 SF
Lot 0.05 ac (2,234 SF)
APN 11 09501-0000-00009
UPID US59-1393584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

192 S Broad St Trenton, NJ 08608
Trenton metro Census 900 TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2006
4 recorded transactions
2018
Price N/A
2006
$400,000
1997
$160,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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