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849 W State St
Trenton, NJ 08618
Office Property For Sale
Investment Highlights
- Value-Add Potential
- Higher Education Presence
- High Traffic Counts
- Area Amenities & Demand Drivers
- Quality of Life Amenities
- Strong Demographics
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,970 SF
Building Class
C
Year Built/Renovated
1916/2016
Price
$1,000,000
Price Per SF
$143.47
Cap Rate
7.22%
NOI
$72,205
Percent Leased
86%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,323 SF
Building FAR
0.94
Lot Size
0.17 AC
Zoning
C-1
Property Taxes
| Parcel Number | 11-31802-0000-00011 | Improvements Assessment | $107,300 |
| Land Assessment | $142,700 | Total Assessment | $250,000 |
Property Taxes
Parcel Number
11-31802-0000-00011
Land Assessment
$142,700
Improvements Assessment
$107,300
Total Assessment
$250,000
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