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INVESTMENT HIGHLIGHTS
- Located in a Qualified Opportunity Zone with tax incentives
- Surrounded by new luxury residential developments
- Steps from NJ Transit and major highways for commuter access
EXECUTIVE SUMMARY
The building features a thoughtful layout that includes multiple conference rooms, executive offices, general workspaces, a well-appointed kitchenette, and a private executive bathroom with a shower. With 16 on-site parking spaces, the property offers convenience rarely found in urban office settings.
Strategically located near the Anderson Street NJ Transit station and several major highways, the site benefits from excellent regional connectivity. The surrounding area is undergoing a vibrant transformation, with thousands of new luxury apartments contributing to a dynamic live-work environment. Multiple bus routes along State Street further enhance accessibility.
As part of a Qualified Opportunity Zone, the property offers potential tax advantages for investors. Its B-2 zoning supports a range of commercial uses, and the building’s exceptional condition minimizes upfront capital expenditures. Whether you're expanding your footprint or seeking a stable investment in a growing market, 407 State Street delivers on location, quality, and long-term upside.
Strategically located near the Anderson Street NJ Transit station and several major highways, the site benefits from excellent regional connectivity. The surrounding area is undergoing a vibrant transformation, with thousands of new luxury apartments contributing to a dynamic live-work environment. Multiple bus routes along State Street further enhance accessibility.
As part of a Qualified Opportunity Zone, the property offers potential tax advantages for investors. Its B-2 zoning supports a range of commercial uses, and the building’s exceptional condition minimizes upfront capital expenditures. Whether you're expanding your footprint or seeking a stable investment in a growing market, 407 State Street delivers on location, quality, and long-term upside.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
4,748 SF
Building Class
C
Year Built
1986
Price
$1,200,000
Price Per SF
$252.74
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,448 SF
Building FAR
0.62
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
B2
Parking
16 Spaces (3.37 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 23-00414-0000-00018 | Improvements Assessment | $762,600 |
| Land Assessment | $370,500 | Total Assessment | $1,133,100 |
PROPERTY TAXES
Parcel Number
23-00414-0000-00018
Land Assessment
$370,500
Improvements Assessment
$762,600
Total Assessment
$1,133,100
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407 State St
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