Property profile

850 Hamilton Ave Trenton, NJ 08629

OFF-MARKET
Commercial real estate
Property ID
US59-1881986
2,894 SF 0.28 ac lot Built 1937
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This fee-simple commercial land parcel, located at 850 Hamilton Ave, Trenton, NJ 08629, presents a unique investment opportunity. Priced at $150,000, this vacant lot is zoned RB (Residential Business), offering flexibility for various development projects. The property's location in Mercer County provides convenient access to major transportation arteries, including Routes 295, 1, and 206, ensuring excellent connectivity. Its proximity to Trenton Central High School and Capital Health-East Trenton further enhances its appeal. The zoning allows for residential construction, making it suitable for both personal use or investment purposes. Additionally, the RB zoning permits the development of a professional office space with a residential component, opening up a range of possibilities for developers. This versatile property offers significant potential for those seeking to capitalize on the Trenton real estate market. The latitude and longitude coordinates are 40.2187151, -74.737721 respectively. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1937
Construction BRICK
Total area 2,894 SF
Lot 0.28 ac (12,195 SF)
APN 11 29505-0000-00001
UPID US59-1881986

Cap rate & NOI

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

Location

850 Hamilton Ave Trenton, NJ 08629-1903
Trenton metro Census 2100 TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2023
Last sale
$245,000
3 recorded transactions
2023
$245,000
2022
$165,000
1988
$185,000

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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