REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Gilbert Cheeseman • Coldwell Banker Residential Brokerage-Princeton Jct
$ 597,000
Est. payment /mo
New
801--803 E STATE ST Trenton, NJ 08609
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJME2084630
Year Built 1950
Annual Tax Amount $8,452
Tax Year 2025
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
This commercial property, originally constructed in 1950, is poised for significant transformation with a major renovation. All permits and zoning variances are done. Situated on a strategically located corner lot, this property presents a unique investment opportunity for discerning investors seeking to capitalize on the potential for substantial returns.1. : The property benefits from its corner lot positioning, enhancing visibility and accessibility. This prime location is ideal for attracting foot traffic and maximizing exposure, making it suitable for a variety of commercial uses.2. : With a major rehabilitation planned, investors can leverage the opportunity to modernize the property, aligning it with current market demands. The renovation will not only enhance the aesthetic appeal but also improve functionality, increasing rental income and property value.3. : The anticipated upgrades and renovations are expected to yield significant returns on investment. By revitalizing the property, investors can attract higher-quality tenants and command premium rental rates, thereby enhancing cash flow and overall profitability.4. : The property's design and location allow for versatile usage, accommodating various commercial ventures. This flexibility can attract a diverse tenant base, further mitigating investment risk.5. : The inclusion of a dedicated parking lot enhances the property's appeal, providing convenience for tenants and customers alike. Ample parking is a critical factor in commercial real estate, contributing to tenant satisfaction and retention.6. : The surrounding area is experiencing growth, with increasing demand for commercial spaces. This trend positions the property favorably within the market, suggesting a strong potential for appreciation in value post-renovation.7. : With the completion of the renovation, investors have the opportunity to secure a property that will be modernized to meet contemporary standards, ensuring long-term viability and competitiveness in the market. In summary, this commercial property represents a compelling investment opportunity characterized by its prime corner lot location, planned major renovations, and potential for significant returns. Investors are encouraged to consider the strategic advantages this property offers in a growing market. Floor plan available in the MLS documents tab.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning COMMERCIAL
Interior
Hot Water None
Heating None
Cooling Ductless/Mini-Split, Multi Units
Inclusions HVAC 4 mini split systems and 15 air handlers.
Heat Source None
Exterior
Garage Spaces 7.0
Water Access N
Accessibility None
Total Parking Spaces 7
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Central
School District Trenton Public Schools
Others
Tax ID 11-26401-00011 01
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION