Listed by NAI Mertz
$999,999
849 W. State Street
Details
Property Type Office
Sub Type Executive Office
Square Footage 6,020
Cap Rate 8.26%
NOI $82,590
Year Built 1916
Year Renovated 2016
Stories 3
Acreage 0.350
Zoning C1
Parking Spaces 8 spaces
Parking Per SqFt 1.33
Office | 8.26% CAP | 6,020 SqFt
Marketing description
Located in a The historic district of Trenton. 15 minutes from Princeton. Easy access to train station. Bus stop across the street.
849 W. State Street presents an opportunity to acquire a fully leased, income producing office property in Trenton’s historic district. The 6,020± SF, three story building, originally constructed in 1916 and fully renovated in 2016, blends historic character with modern office functionality. The property is leased to Hyacinth, an established nonprofit healthcare organization, providing stable in-place income with approximately two years of remaining lease term. The offering also includes a detached carriage house with a residential apartment, providing supplemental income and flexibility
Investment highlights
- 6,020± SF 3-story building Fully Leased
- Converted into offices and situated on 0.35 acres
- 2,075 SF basement.
- Parking for 8 vehicles
- Zoned: C1
- Originally built in 1916. Fully renovated in 2016
- Power: two-phase, ±200 amps.
- Each floor is separately metered.
- Security system with 9 cameras and alarm.
- 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.
- Building has a brick exterior, masonry foundation and a gable roof with composite shingles, Gypsum board interior walls.
- Real Estate Taxes (2025): $6,373.15 (includes Carriage House).
- First Floor: 2,600± SF
- Consists of 9 private offices, open office area, reception area, 4 restrooms.
- Predominantly commercial-grade flooring throughout.
- Second Floor: 2,120± SF
- Consists of 4 large offices, full kitchen, 2 restrooms, sun room with a view of the Delaware River.
- Commercial-grade carpet flooring throughout.
- Third Floor: 1,240± SF
- Consists of 3 large offices.
- Commercial-grade carpet flooring throughout.
- Carriage House
- 1,900± SF building
- 950± SF apartment on second floor
- Garage on first floor
- Located in the Historic District of Trenton
- 15 minutes from Princeton
- Easy access to train station (how far)
- Bus stop across the street
Listing Contacts
Listed by NAI Mertz
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
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
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
