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$500,000

  • Sold
  • Closed
  • Commercial
See This Home
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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.

Full Property Details for 124 W State St

General

  • Sold For: $500,000
  • Taxes: $10,818 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: BrightMLSTriStates
  • MLS ID: NJME2061428
  • Added to Site: 209 day(s) ago

Business

  • Business Type: Professional

Interior

  • Flooring: Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile

Additional Information

  • Security/Safety: Intercom, Exterior Cameras, Security System, Surveillance Sys

Parking

  • Total Spaces: 6
  • Parking Features: Private, Surface
  • Parking Type: Parking Lot

Location

  • Area: Trenton City (21111)
  • Municipality: TRENTON CITY
  • County: Mercer
  • Driving Directions: From NJ 29, take the Calhoun St exit towards Capitol Complex/Thomas Edison State U; turn right onto W State St; approx 1/4; property on left (across from NJ Statehouse)
  • Location Details: Urban

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air, Zoned, Wall Unit
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Phone Connected, Sewer Available, Water Available

Structural Information

  • Construction: Frame, Brick
  • Foundation: Brick/Mortar, Stone
  • Stories/Levels: 0
  • Year Built: 1875
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Unit 1

  • Unit Description: Unit 1

Unit 2

  • Unit Description: Unit 2

Unit 3

  • Unit Description: Unit 3

Unit 4

  • Unit Description: Unit 4

Unit 5

  • Unit Description: Unit 5

Lot Features

  • Property View: Street
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,283
  • Lot Size Source: Estimated
  • Lot Dimensions: 24.90 x 172.00
  • Fence: Yes
  • Lot Features: Year Round Access
  • Zoning: HIST
  • Lot Description: Year Round Access

Financial Considerations

  • Price Per Sq. Ft.: $84.63
  • Assessment Year: 2024
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $186,500
  • Tax Amount: $10,818
  • Tax Year: 2024
  • Owner Pays: Air Conditioning, All Utilities, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Water
  • Landlord Pays: Air Conditioning, All Utilities, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 21

Listed and Sold by Pott Real Estate, LLC, Roland S. Pott

Listing agent

— 124 W State St —

  • Roland S. Pott

    Pott Real Estate, LLC

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 124 W State St

School District:Trenton City School District
NameGradesDistance
Gregory Elementary School
500 Rutherford Avenue, Trenton, NJ 08618
PK-30.9 mi
Luis Munoz Rivera Elementary School
400 North Montgomery Street, Trenton, NJ 08618
PK-30.5 mi
Trenton Central High School
400 Chambers Street, Trenton, NJ 08611
10-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 124 W State St

Date
Details
Price
Change
Source
11/05/2025
Sold
$500,000
-2.91%
MLS
6/22/2025
Listed
$515,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Pott Real Estate, LLC, Roland S. Pott

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124 W State Street, Trenton, NJ 08608 (MLS# NJME2061428) is a Commercial property that was sold at $500,000 on November 05, 2025. Want to learn more about 124 W State Street? Do you have questions about finding other Commercial real estate for sale in Trenton? You can browse all Trenton real estate or contact a Coldwell Banker agent to request more information.