849 W State St - Office/Residential FOR SALE


Trenton, NJ 08618- Berkeley Square and Parkside
$1,000,000 USD
267-664-7118
849 W State St, Trenton, NJ for Sale
$1,000,000 USD
Office/Residential - FOR SALE
1/8
null | 7.22% Cap Rate


HIGHLIGHTS

  • Value-Add Potential
  • Area Amenities & Demand Drivers
  • Higher Education Presence
  • Quality of Life Amenities
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 849 W State Street in Trenton, New Jersey (“the Property”). The Property is improved by two well maintained brick buildings and contains a total of three (3) units comprised of one (1) residential unit, one (1) commercial unit leased to Hyacinth, and one (1) storage unit in 6,970 square feet on 0.17-acres of land. The Property is 86.37% occupied and offers upside through the lease up of the 950 square foot storage unit. Additionally, the Property offers ample on-site parking. The Property is strategically located along W State Street, one of Trenton's primary east-west corridors connecting downtown Trenton with the city's western neighborhoods and the neighboring communities of Ewing Township and Lawrence Township. The site benefits from excellent accessibility and regional connectivity, with convenient access to U.S. Route 1, Interstate 295, Interstate 195, and New Jersey Route 29, providing direct links to Philadelphia, Princeton, and the broader New York–Washington corridor. The surrounding area is supported by a diverse mix of government offices, healthcare facilities, educational institutions, and established residential neighborhoods that generate consistent daily activity. Major economic drivers include the State of New Jersey's government operations, Capital Health Regional Medical Center, and nearby corporate and commercial employers throughout Mercer County. 849 W State Street also benefits from its proximity to nationally recognized educational institutions, including The College of New Jersey, Rider University, and Princeton University, which contribute to a highly educated workforce and sustained economic activity. Positioned within an established urban corridor with strong transportation access and a broad base of employment and institutional demand, the Property is well situated to benefit from the long-term stability and economic strength of the greater Mercer County market. Located in Mercer County, Trenton is a suburb of Philadelphia and is positioned 30 miles northeast of the city.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-1

APN/PARCEL ID

11-31802-0000-00011

ASK ABOUT THIS PROPERTY

Mher VartanianHorvath & TremblayMore Info
267-664-7118

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Mher VartanianHorvath & TremblayMore Info
267-664-7118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.