Listed by NAI Mertz
$999,999
849 W. State Street
Details
Property Type Office
Sub Type Traditional Office
Square Footage 6,020
Cap Rate 8.26%
NOI $82,590
Occupancy 100%
Tenancy Single
Brand/Tenant Hyacinth
Year Built 1916
Year Renovated 2016
Buildings 2
Stories 3
Acreage 0.350
Zoning C1
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.33
Investment Type Stabilized
Office | 8.26% CAP | 6,020 SqFt
Marketing description
Located in the historic district of Trenton. 15 minutes from Princeton. Easy access to train station. Bus stop across the street.
Investment highlights
- Converted into offices and situated on 0.35 acres
- Parking for 8 vehicles
- Zoned: C1
- Originally built in 1916. Fully renovated in 2016
- Tenant pays electricity. Landlord pays for trash, water, hot water, yard maintenance and sewer.
- The building is served by a gas fired hot water heating system. Cooling is a forced air system.
- Power: two-phase, ±200 amps.
- Each floor is separately metered.
- Building has a brick exterior, masonry foundation and a gable roof with composite shingles, Gypsum board interior walls.
- 2,075 SF basement.
- Real Estate Taxes: $6,373.15 (2025) (includes Carriage House)
Listing Contacts
Listed by NAI Mertz
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,590.25
$6,882.52/mo
Valuation Metrics
0
DSCR
8.26%
Cap Rate
8.26%
ROI
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