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    202 State St Trenton, NJ 08608

    For Sale
    $575,000

    Historic Brownstone, 5,000 SF, Great Parking

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a classic four-story brownstone building situated in Trenton's State House Historic District. The property, priced at $575,000, encompasses two parcels totaling 5,000 square feet. The main structure, a 4-story masonry building (Block 3707, Lot 3), offers approximately 5,026 square feet of above-grade space on a 1,400 square foot footprint. Architectural details are unique and irreplaceable. The second parcel (Block 3706, Lot 1), a paved lot at the corner of Capital Street and Greens Place, provides ample parking for approximately 10 vehicles, plus a two-car garage. The building is zoned BA-Historic District and features flexible space allowing for small, separate suites or combination for larger tenants. This property boasts a fantastic parking ratio, a rare find in a downtown location. The gross lease structure simplifies management. This multi-tenant building presents a strong return on investment. The property's unique character and prime location make it an ideal acquisition for discerning investors seeking a distinctive asset in a thriving urban setting.

    Property Features for 202 State St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • $575,000 Sale Price, including two parcels totaling 5,000 square feet.
    • Four‑story, 5,026 square foot brownstone building (Block 3707, Lot 3) on a 1,400 square foot lot.
    • Two‑car garage included.
    • Additional paved parking lot (Block 3706, Lot 1) accommodating approximately 10 vehicles.
    • BA‑Historic District zoning.
    • Irreplaceable architectural details in a classic brownstone building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pringle Quinn Anzan Law Firm New Jersey Burglar ... Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7727371
    Latitude
    40.2219737

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Brownstone, 5,000 SF, Great Parking
    Where is this office property / space located?
    The property is located at 202 State St Trenton, NJ.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 Sale Price, including two parcels totaling 5,000 square feet.; Four-story, 5,026 square foot brownstone building (Block 3707, Lot 3) on a 1,400 square foot lot.; Two-car garage included.
    (609) 394-7557
    Request Owner's contact information
    202 State St Trenton, NJ 08608
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    Trenton, NJ 08608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 State St Trenton, NJ 08608
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