127 Perry St | 127 Perry St
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127 Perry St 127 Perry St
2,400 SF 100% Leased Retail Building Trenton, NJ 08618 $369,000 ($154/SF)
Investment Highlights
- Hanover-Academy Historic district
- 1 Block from Mercer community college Downtown Campus
- Easily accessible to US Route 1, State Routes 31, 29 and 129
Executive Summary
This 3,240 SF 3-three-story mixed-use building is located on a 2400 SF parcel of land. The property consists of two residential units and one commercial retail units. All three units are fully rented and occupied. The zoning is Mixed use, which is part the larger Urban Enterprise Zone in the Hanover-Academy Historic district. It is also located in the Canal Banks Redevelopment District. It is a walking distance from downtown business district and Mercer community college Downtown Campus, with easy access to US Route 1, State Routes 206, 29, 129, and 31. Traffic count in this location is 12,277 according to 2022 data.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Year Built
1950
Price
$369,000
Price Per SF
$154
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Commercial and Residential use
Frontage
20 FT on Perry Street
Amenities
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11-00501-0000-00012 | Total Assessment | $53,100 (2024) |
| Land Assessment | $30,400 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $22,700 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-00501-0000-00012
Land Assessment
$30,400 (2024)
Improvements Assessment
$22,700 (2024)
Total Assessment
$53,100 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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127 Perry St | 127 Perry St
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