328 - 334 E State Street, Trenton, NJ 08608 - Photo 1

1/1

$975,000

Sold
Closed
Commercial Institutional

1/1

Property Description

This renowned and iconic building is currently undergoing an extensive renovation, encompassing new fire escapes, refreshed exterior stucco, upgraded windows, and a brand-new roof. The project includes the transformation of five residential rental units, a street-accessible retail space, and a former restaurant. - no restaurant equipment included. the building has also been equipped with eight electric meters. This offering includes lots 00002.01 and 00003. construction is 100% completed. the 5 residential units have been newly leased. Call LA for details. this building generates income from 5 residential units, 2 retail/commercial units, 1bill billboard. Landlord is in the process of leasing out retail units unless new buyer wants to purchase vacant Estimated gross income is projected conservatively See offering memorandum NOI in documents. Landlord is in the process of leasing the retail/commercial unit (#1) $1500/mth. 2-3 yr. lease and in the process of leasing the (#2) commercial unit (10/yr. lease. unless new buyer wants them vacant. Disclaimer: floor plans and dimension are estimated to be accurate to the best of our knowledge.

Full Property Details

Full Property Details for 328 - 334 E State St

General

Sold For: $975,000
Taxes: $9,447 (2024)
Status: Closed
Type: Commercial Institutional
Source: BrightMLSTriStates
MLS ID: NJME2040740
Added to Site: 661 day(s) ago

Business

Business Type: Restaurant/Bar, Professional, Other, Health Club, Hair

Parking

Parking Type: On Street

Location

Area: Trenton City (21111)
Municipality: TRENTON CITY
County: MERCER
Cross Streets: W. Canal St
Driving Directions: Rt 29 or Rt1 to E State St. (across from City Hall)

School Information

School District: Trenton Public Schools

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Natural Gas
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electric Available, Natural Gas Available

Structural Information

Construction: Frame
Roof: Flat, Rubber
Entry Floor Number: 1
Stories/Levels: 3
Year Built: 1950
Year Built Source: Assessor
Property Condition: Excellent

Unit Information

# Tenants: Multiple

Lot Features

Lot Size (Acres): 0.07
Lot Size (Sq. Ft.): 3,206
Lot Size Source: Estimated
Lot Dimensions: 12.60 x 58 42.20 x 58.60
Zoning: MIXED USE

Financial Considerations

Price Per Sq. Ft.: $150.05
Assessment Year: 2024
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $170,400
Tax Amount: $9,447
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Inclusions: 2 buildings, 2 lots, 5 residential units and 2 retail spaces. NOTE: all 5 residential units have been newly leased.
Lot Number: 2.01

Listed by Diamond Homes Realty, Karen L Dippolito
Sold by Keller Williams Real Estate - Princeton, Wycliffe Gordon

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Listing agent

— 328 - 334 E State St —

Karen L Dippolito

Diamond Homes Realty

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Schools

Schools serving 328 - 334 E State St

School District:Trenton City School District

Name	Grades	Distance
Grant Elementary School, Trenton, NJ 159 North Clinton Avenue, Trenton, NJ 08609	4-6	0.3 mi
Luis Munoz Rivera Elementary School 400 North Montgomery Street, Trenton, NJ 08618	PK-3	0.4 mi
Trenton Central High School 400 Chambers Street, Trenton, NJ 08611	10-12	0.8 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 328 - 334 E State St

Date

Details

Price

Change

Source

11/13/2025

Sold

$975,000

-15.88%

MLS

5/14/2025

Price Reduced

$1,159,000

-3.42%

MLS

4/17/2025

Price Reduced

$1,200,000

-7.62%

MLS

3/26/2024

Listed

$1,299,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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328 - 334 E State Street, Trenton, NJ 08608 (MLS# NJME2040740) is a Commercial Institutional property that was sold at $975,000 on November 13, 2025. Want to learn more about 328 - 334 E State Street? Do you have questions about finding other Commercial Institutional real estate for sale in Trenton? You can browse all Trenton real estate or contact a Coldwell Banker agent to request more information.

328 - 334 E State St Trenton, NJ 08608