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
Property Features
Utilities
Cable Available
Water Available
Sewer Available
Natural Gas Available
Electricity Available
Heating Information
Natural Gas
Forced Air
Cooling Information
Other
Water Features
Public
Parking
On Street
Listing Courtesy: BHHS Fox & Roach - Princeton - 609-924-1600