Investment Overview

Marcus & Millichap is pleased to present 116 W. State St, Trenton, NJ, a 4,800 Square Foot, mixed-use property located heart of the State House Historic District in Trenton, New Jersey. The offering provides investors with a turnkey investment in a historic, safe, and walkable downtown location — with diversified rental income from both commercial and residential components. The building is located on “Lobbyist’s Row,” right across from the New Jersey State House, making the office suites an incredibly convenient and strategic option for tenants active in the state political arena, and the same can be said about the apartment units. This well-maintained mixed-use brick building from 1950 has approximately 4,800?sq?ft spread across three stories. On the ground floor, there is a 2,200 Square Foot office which has been fully gut-renovated in the last 3 years and it currently occupied by the New Jersey Conference of Mayors. On the second floor, there is one one-bedroom apartment and one 750 Square Foot office suite. The office suite is currently leased to a non-occupying tenant, NetSecure. On the third floor is a one-bedroom apartment. Each of the two apartments consists of about 800 Square Feet and is currently occupied. The building has newer gas-powered boilers in the basement as well as high-efficiency wall units in each apartment unit and office suite for heating and cooling. All units are separately metered and tenants pay their own gas and electric utilities. The exact roof age is unknown but the condition of the roof was professionally examined within the last two years and only minor tough-ups were needed. The building has been kept in excellent condition by current ownership. 116 W. State St in Trenton, NJ offers excellent access to public transit, making it ideal for commuters and residents alike. Multiple NJ Transit bus lines stop just steps away, providing service throughout Mercer County. The Trenton Transit Center, located about a mile away, connects riders to New York City via NJ Transit and Amtrak, and to Philadelphia via SEPTA. The nearby River LINE light rail adds convenient service to Camden and other parts of the city. With walkable bus stops, regional rail, and local light rail all within reach, this location is a true transit hub.