Renovated Retail Space in
For Sale
Contact for pricing
Pending
33 E State St, Trenton, NJ
High-end retail space with additional showroom potential in prime location.
Property Size1,200 SF
Lot Size0.10 Acres
Days on Market1282
Property Features for 33 E State St
General Information
Standard status
Pending
Size
1,200 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
Segal LaBate Commercial Real Estate
(609) 394-7557
Listed By:
Charles Teh
(609) 635-3709
Source:
Moodyscre
Added: Apr 25, 2023
Changed: Oct 25
Last Checked: Oct 26 at 6:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Segal LaBate Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a renovated 1,200+ square foot retail store with quality finishes, including a marble floor and a large window providing excellent exposure. The space is equipped with central air and heating, two fitting rooms, and a restroom. Additionally, there is over 5,000 square feet of unfinished space on the first and second floors, suitable for transformation into a showroom, furniture store, or inventory space. The property also includes a pedestrian alley to East Front Street. The total square footage of the property is 5,968. Located in the heart of the Central Business District of Trenton, this two-story masonry building includes a first-floor sales area and stock area, as well as basement and second-floor storage areas. The front of the store features two plate glass display areas. The location benefits from heavy pedestrian and vehicle traffic and is a prime transit point with multiple bus stops and a train station within a 10-minute walk. It offers easy access to Routes 1, 29, and 129, with connections to 95, 295, and I-95. The property is easily walkable from Mercer Community College and is in close proximity to state, county, and city government offices and local businesses. The zoning permits a broad range of retail and office uses.
Key Highlights
- Prime location in Trenton's Central Business District with heavy pedestrian and vehicle traffic.
- Boasting 5,968 SF total property size including 1,200+ SF high‑end renovated retail space.
- 5,000+ SF unfinished space suitable for showroom, furniture store, or inventory.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,945
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,900
$358.9K
Cap Rate 7%
$256,357
$256.4K
Cap Rate 9%
$199,389
$199.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$26.9K $22.44/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.6K $21.36/SF
− OpEx
−$7.7K −$6.41/SF
NOI
$17.9K $14.95/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,900
Cap Rate 7%
$256,357
Cap Rate 9%
$199,389
Alternative Uses
Best Use
Retail
$256.4K
$224.3K – $299.1K
NOI $17,945 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$386.1K
$337.8K – $450.4K
NOI $27,026 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
5,035 visits/mo
0.5 miles
U-Haul
Shops & Services
2,283 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - High-end retail space with additional showroom potential in prime location.
Where is this retail space located?
The property is located at 33 E State St Trenton, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location in Trenton's Central Business District with heavy pedestrian and vehicle traffic.; Boasting 5,968 SF total property size including **1,200+ SF high‑end renovated retail space.**; 5,000+ SF unfinished space suitable for showroom, furniture store, or inventory.
