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27-29 S Warren St, Trenton, NJ 08608

$245,000

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Sold Price: $245,000
List Price: $250,000
Closing Date: May 31, 2026
Days on Market: 98
Status: CLOSED
MLS#: NJME2071274
Lot Size (Acres): 0.07
Year Built: 1950
County: Mercer
School District: Trenton Public Schools

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Property Description

This one-story 1,857$ SF retail/restaurant property generates $37,200 in annual rental income with a cap rate of 8.5%—a rare find in today's market. The building is leased to a popular Jamaican restaurant paying $3,100/month, with a renewed lease and interest in staying, ensuring stability and cash flow from day one. Built in 1950 and well maintained, the property features a brick exterior, flat roof, 200-amp electric, and gas-fired heating with central cooling. Expenses are conservatively estimated, utilities are tenant-paid, and the pro forma reflects realistic, achievable returns City code may allow a second-floor addition, offering potential for future expansion. Whether you're an investor seeking reliable income or an owner-user looking for a prime location, this property delivers strong fundamentals and long-term upside

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Additional Information

Area: Trenton City (21111)
Subdivision: Traditions At Hamilt
School District: Trenton Public Schools
Flooring: Vinyl
Heating: Forced Air
Cooling: Other
Roof: Flat, Rubber
Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Telephone, Cable Available
Water: Public
Sewer: Public Sewer