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120 N Warren 15,000 SF 50% Leased Office Building Trenton, NJ 08608 $1,578,720 CAD ($105.25 CAD/SF) 4.05% Cap Rate
Investment Highlights
- Historic tax credit, adaptive, re-use.
Executive Summary
Change of use opportunity with tons of redevelopment opportunity. Office space in the first floor and finished basement currently leased to an environmental services company. Eligible for NJEDA historic property incentives in which 60-85% of development cost an be covered by tax credit incentives when combined with federal historic tax credits.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
15,000 SF
Building Class
C
Year Built
1911
Price
$1,578,720 CAD
Price Per SF
$105.25 CAD
Cap Rate
4.05%
NOI
$63,938 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,750 SF
Building FAR
2.93
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
HIST
Parking
20 Spaces (1.33 Spaces per 1,000 SF Leased)
Amenities
- Smoke Detector
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 11-00401-0000-00033 | Improvements Assessment | $238,974 CAD |
| Land Assessment | $309,446 CAD | Total Assessment | $548,420 CAD |
Property Taxes
Parcel Number
11-00401-0000-00033
Land Assessment
$309,446 CAD
Improvements Assessment
$238,974 CAD
Total Assessment
$548,420 CAD
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Presented by
Pott Real Estate LLC
120 N Warren
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