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NJ MIXED-USE PORTFOLIO

2 Office Properties Offered at $1,400,000 in Multiple Locations

Investment Highlights

  • Fully Renovated Mixed-Use Portfolio | Woodbury & Trenton, New Jersey.
  • Zoning Allows for Repositioning of 65 N Broad Street.
  • Access to Downtown Amenities.
  • Fully Leased | Office, Retail, Residential Use.
  • Regional Access | Southern and Central New Jersey with Access to Philadelphia and New York City.
  • Transit-Oriented | Access to Transit Systems.

Executive Summary

Scope Commercial Real Estate Services LLC "SCOPE" is pleased to present the opportunity to acquire a portfolio comprised of two properties, 849 W State St. in Trenton, NJ, and 65 N Broad St. in Woodbury, NJ.
849 W State St in Trenton, NJ is a beautiful property located in a historic district of Trenton, close to the New Jersey Capitol Complex. Located a short 15-minute drive from Princeton, the property is located with regional access to Philadelphia and New York City through NJ Transit and Amtrak train systems and is situated across from a bus stop.
849 W State Street is a three-story 6,020-square-foot mixed-use building that has been converted into offices and residential. The first floor of the office building is approximately 2,600 square feet and has been configured into nine private offices, a reception area, four bathrooms, and open office space. The second floor, approximately 2,120 square feet, is configured with four large offices, a full kitchen, two bathrooms, and a sunroom with views of the river. The 1,240-square-foot third floor has three large offices. Included on the site is a two-story 1,900-square-foot carriage house with a brick exterior.
The building was constructed in 1916 with renovations in 2016. The property went through extensive renovations in the winter of 2016 including updates to the second floor with hardwood flooring and carpeting. 849 W State Street is serviced by a gas fired hot water heating system and cooling is provided by a forced air system. The electrical service to the building is two-phase, 200+/- amp. Each floor is separately metered. The tenants are responsible for electricity and the landlord pays for trash, water, hot water, yard maintenance, and sewer.
65 N Broad Street is a historic property and is located within the heart of Downtown Woodbury, NJ. This two-story property is currently leased to The Cultural Collective Cafe & BrickNKulture and features ample space and parking. The property is zoned C-2 and provides for a wide array of uses, including office and retail. Woodbury is located in South Jersey with regional access to Philadelphia.

Attachments

Marketing Flyer

Data Room Click Here to Access

Property Facts

Price $1,400,000
Price / SF $149.80 / SF
Cap Rate 8.33%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,346 SF
Total Land Area 0.53 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
849 W State St, Trenton, NJ 08618 Office 6,020 SF 1916 -
65 North Broad Street
65 N Broad St, Woodbury, NJ 08096
Office 3,326 SF 1901 -
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  • Listing ID: 31845973

  • Date on Market: 5/17/2024

  • Last Updated:

  • Address: NJ MIXED-USE PORTFOLIO, Trenton, NJ

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