About 328 - 334 E State St
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.
Features of 328 - 334 E State St
| MLS® # | NJME2040740 |
|---|---|
| Price | $1,159,000 |
| Bathrooms | 0.00 |
| Acres | 0.07 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active Under Contract |
Community Information
| Address | 328 - 334 E State St |
|---|---|
| Area | Trenton City (21111) |
| City | TRENTON |
| County | MERCER-NJ |
| State | NJ |
| Zip Code | 08608 |
| Senior Community | N |
Amenities
| Utilities | Electric Available, Natural Gas Available |
|---|---|
| Parking Type | On Street |
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
| Central Air | Y |
Exterior
| Exterior | Frame |
|---|---|
| Roof | Flat, Rubber |
| New Construction | N |
School Information
| District | TRENTON PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | March 26th, 2024 |
|---|---|
| Days on Market | 494 |
| Zoning | MIXED USE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Diamond Homes Realty |
|---|---|
| Contact Info | 6099477737 |