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495 W State St 15,000 SF Office Building Trenton, NJ 08618 $800,000 ($53.33/SF)
INVESTMENT HIGHLIGHTS
- This a 15,035+/- Square feet Two-story, free-standing office building located on a 1.26+/- acre lot
- Property is 100% leased with recent lease extension in place. On-site parking for approximately 50 vehicles.
- Property can be identified on municipal tax map as Block 3002, Lots 2, 2.01, 2.02, and 15 in a MU-T (Mixed-Use Transition) zoning.
- First-floor ADA compliant.
EXECUTIVE SUMMARY
495 West State Street is a well-maintained, two-story professional office building located along West State Street, a primary corridor connecting Downtown Trenton with surrounding residential neighborhoods. The free-standing property contains approximately 15,000 square feet of net leasable area and was originally constructed in the early 1960s with extensive renovations completed in the mid-1980s.
The building is fully leased to a single, long-term tenant that has recently executed a lease extension, providing stable in-place income. The property features on-site parking, a highly desirable amenity in the State House office submarket, and is situated within Trenton's Mixed-Use Transition (MU-T) zoning district.
The building is fully leased to a single, long-term tenant that has recently executed a lease extension, providing stable in-place income. The property features on-site parking, a highly desirable amenity in the State House office submarket, and is situated within Trenton's Mixed-Use Transition (MU-T) zoning district.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
15,000 SF
Building Class
C
Year Built
1950
Price
$800,000
Price Per SF
$53.33
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
0.41
Lot Size
0.85 AC
Zoning
MU - Mixed-Use (Residential-commercial)
Parking
50 Spaces (3.33 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- New Jersey Public Employment Relations Commission
- Public Administration
- -
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$9.99
-
Lorem Ipsum
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Jan 0000
The Public Employment Relations Commission deals with certain labor relations issues involving public employers, public employees, and unions that represent public employees. Such issues include representation matters, the scope of negotiations, unfair practices, mediation, fact-finding and arbitration.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| New Jersey Public Employment Relations Commission | Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 11-03002-0000-00002-01 | Improvements Assessment | $836,900 |
| Land Assessment | $153,100 | Total Assessment | $990,000 |
PROPERTY TAXES
Parcel Number
11-03002-0000-00002-01
Land Assessment
$153,100
Improvements Assessment
$836,900
Total Assessment
$990,000
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495 W State St
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