124 W STATE ST new to site Save Request In-Person Tour Request Virtual Tour
Trenton,NJ 08608
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,085 sqft
Price per Sqft $84
MLS Listing ID NJME2061428
Year Built 1875
Annual Tax Amount $10,818
Tax Year 2024
Lot Size 4,283 Sqft
Acres 0.1
Lot Dimensions 24.90 x 172.00
Property Sub-Type Office
Source BRIGHT
Property Description
Meticulously renovated in 2019, this prime location has served as a showplace headquarters to Greater Trenton Inc, Choose NJ, as well as other professional organizations, directly across from the NJ Statehouse. This fully leased office property features a first floor conference room that seats up to 18 people and is available for shared usage by tenants. Attention buyers that want to occupy: you can occupy 1048 SF or more by January 1, 2026 (maybe sooner) while you retain rental income from existing tenants. Attention investors: a compelling 11.5% cap rate isa compelling opportunity for you to receive a profitable return. 6 parking spots in rear. 2 bathrooms on each floor (6 total) and kitchenettes on first and third floor. Recent upgrades include new fire escape, new HVAC with separate zones, new flooring, roofing updates, LED recessed lighting, facade upgrades, surveillance/security enhancements, painting and more.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning HIST
Interior
Hot Water Natural Gas
Cooling Central A/C,Ductless/Mini-Split
Flooring Carpet,Luxury Vinyl Plank,Luxury Vinyl Tile
Heat Source Electric,Natural Gas
Exterior
Garage Spaces 6.0
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Phone Connected,Sewer Available,Water Available
Water Access N
View Street
Accessibility None
Total Parking Spaces 6
Garage N
Building
Lot Description Year Round Access
Foundation Brick/Mortar,Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-03504-00021
Ownership Fee Simple
SqFt Source Estimated
Security Features Intercom,Exterior Cameras,Security System,Surveillance Sys
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard