124 W State St, TRENTON, NJ

About 124 W State St

Meticulously renovated in 2019, this prime location has served as a showplace headquarters to Greater Trenton Inc, Choose NJ, as well as other professional organizations, directly across from the NJ Statehouse. This fully furnished, fully leased office property features a first floor conference room that seats up to 18 people and is available for shared usage by tenants. Attention buyers that want to occupy: you can occupy 1048 SF or more by January 1, 2026 (maybe sooner) while you retain rental income from existing tenants, and apply to receive $50,000 reimbursement for closing costs from NJEDA's Main Street Acquisition Support Grant. Attention investors: a compelling 11.5% cap rate isa compelling opportunity for you to receive a profitable return. 6 parking spots in rear. 2 bathrooms on each floor (6 total) and kitchenettes on first and third floor. Recent upgrades include new fire escape, new HVAC with separate zones, new flooring, roofing updates, LED recessed lighting, facade upgrades, surveillance/security enhancements, painting and more. The quality and cost of the furnishings included in this sale are significant and consist of custom conference tables, well-designed office desks, framed historical photos, kitchenette appliances and accessories and more. A buyer could potenitially depreciate the furnishings on an accelerated schedule.

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