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Lee Coverall Building 576 E State St 80,000 SF Industrial Building Trenton, NJ 08609 $6,991,029 CAD ($87.39 CAD/SF)
Investment Highlights
- Warehouse or Industrial Loft, Residential Conversion located across from Trenton Train Station
Executive Summary
80,000 SF 7-Story Industrial Building on .75 AC-Market rate 84 residential apartment conversion
Warehouse, Loft, Residential Conversion, Redvelopment Zone Urban enterprise Zone .Opportunity Zone.
Former Lee Coveralls Building
6 Full Stories above ground, finished basement
3 Loading Docks off Rear of Building
11’ Clear Ceilings
1 Operational Elevator
Taxes: $138,596
11,500 SF per Floor with 1 Bathroom on each
Zoning: Business B (BB) Zone
Located just down the street from Trenton Transit Center; Access to Routes 1, 206, I-295
Built 1920
Sprinkler Wet dry and delayed in areas where computers are
Property falls into 500 years flood prediction area
Warehouse, Loft, Residential Conversion, Redvelopment Zone Urban enterprise Zone .Opportunity Zone.
Former Lee Coveralls Building
6 Full Stories above ground, finished basement
3 Loading Docks off Rear of Building
11’ Clear Ceilings
1 Operational Elevator
Taxes: $138,596
11,500 SF per Floor with 1 Bathroom on each
Zoning: Business B (BB) Zone
Located just down the street from Trenton Transit Center; Access to Routes 1, 206, I-295
Built 1920
Sprinkler Wet dry and delayed in areas where computers are
Property falls into 500 years flood prediction area
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$188,621
|
$2.36
|
| Operating Expenses |
$148,045
|
$1.85
|
| Total Expenses |
$336,666
|
$4.21
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $188,621 |
| Annual Per SF | $2.36 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $148,045 |
| Annual Per SF | $1.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $336,666 |
| Annual Per SF | $4.21 |
Property Facts
Amenities
- Bus Line
- Commuter Rail
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 11-01301-0000-00003 | Total Assessment | $3,289,896 CAD (2025) |
| Land Assessment | $342,286 CAD (2025) | Annual Taxes | $188,621 CAD ($2.36 CAD/SF) |
| Improvements Assessment | $2,947,610 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
11-01301-0000-00003
Land Assessment
$342,286 CAD (2025)
Improvements Assessment
$2,947,610 CAD (2025)
Total Assessment
$3,289,896 CAD (2025)
Annual Taxes
$188,621 CAD ($2.36 CAD/SF)
Tax Year
2023
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Lee Coverall Building | 576 E State St
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