Property
Trenton, NJ 08608 124 W State Street
$515,000
23 more
Presented By: Pott Real Estate, LLC
SQFT • 6,085
Home Details
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.
Presented By: Pott Real Estate, LLC
Interior Features for 124 W State Street
Other Interior Features
Central Air Y/NYes
FlooringCarpet, Luxury Vinyl Plank, Luxury Vinyl Tile
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 124 W State Street
Acceptable FinancingCash, Conventional
AccessibilityNone
Business TypeProfessional
Cap Rate11.50
CityTRENTON
Construction MaterialsFrame, Brick
Cool FuelElectric
CoolingCentral A/C, Ductless/Mini-Split
CountyMERCER
DirectionsFrom NJ 29, take the Calhoun St exit towards Capitol Complex/Thomas Edison State U; turn right onto W State St; approx 1/4; property on left (across from NJ Statehouse)
Electric200+ Amp Service
Electric Expense4616.00
Fuel Expense1589.00
Heating90% Forced Air, Zoned, Wall Unit
Insurance Expense4300.00
Location TypeUrban
Lot Size Square Feet4283.00
Lot Size UnitsSquare Feet
MLS AreaTrenton City (21111)
ModificationTimestamp2025-06-23T20:18:03
MunicipalityTRENTON CITY
Net Operating Income59361.00
New ConstructionNo
Number Of Units Total
OwnerPaysAir Conditioning, All Utilities, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Water
OwnershipFee Simple
PossessionSettlement, Negotiable
Possible UseCommercial, Apartments, Investment, Mixed Use, Multi-Family, Office, Parking
Price Per Sq Ft Total AG84.63
Property SubtypeOffice
Property TypeCommercial Sale
Security FeaturesIntercom, Exterior Cameras, Security System, Surveillance Sys
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount10818.0
Tax Assessed Value186500.0
Tax Lot00021
Tax Year2024
Total Actual Rent96256.00
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Phone Connected, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Year Built1875
Year Built SourceEstimated
ZoningHIST
Exterior for 124 W State Street
Building Area Total6085.00
Car Parking Spaces6
Fencing Y/NY
Foundation DetailsBrick/Mortar, Stone
Land Assessed Value83700.00
Land Use Code
Lot Dimensions24.90 x 172.00
Lot FeaturesYear Round Access
Lot Size Acres0.10
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPrivate, Surface
Total Loading Docks0
Total Parking Spaces6
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Brian Lee
Associate