Renovated Retail Space in
33 E State St Trenton, NJ
For Sale
Contact for pricing
High-end retail space with additional showroom potential in prime location.
Property Size1,200 SF
Lot Size0.10 Acres
Price / SF$208.33
Days on Market1191
Property Features for 33 E State St
General Information
Standard status
Active
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
Source:
Moodyscre
Added: Apr 25, 2023
Changed: Jul 6
Last Checked: Jul 21 at 3:57AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $22.44 |
| − Vacancy | −$1.3k | −$1.08 |
| EGI | $25.6k | $21.36 |
| − OpEx | −$7.7k | −$6.41 |
| NOI | $17.9k | $14.95 |
1,200 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
