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101 N Pavilion Ave 146,000 SF 100% Leased Office Building Riverside, NJ 08075 $10,500,000 ($71.92/SF)
INVESTMENT HIGHLIGHTS
- The former Philadelphia Watchcase Factory, offering a unique opportunity for adaptive reuse into 144 apartments with modern industrial finishes
- Includes an indoor pool, golf simulator, movie theater, dog park, and a roof deck with breathtaking skyline views of Philadelphia.
- Designed by CosciaMoos, the building is built to sustainable standards, ensuring energy efficiency and environmental responsibility.
EXECUTIVE SUMMARY
As the Exclusive Representative for the Owner, Delphi Property Group. is pleased to present you with the opportunity to purchase the former Philadelphia Watchcase Factory; identified as 101 N Pavilion Avenue, Riverside, NJ.
Located in a Qualified Opportunity Zone (QOZ), the building has been designed for the adaptive reuse of the 144k sq ft building into 144 apartments that feature modern industrial finishes.
The building has been designed by CosciaMoos as a LEED Gold Building which has an amenity package that includes an indoor pool, golf simulator, movie theater, dog park and a roof deck with skyline views of Philadelphia.
This project qualifies for 3 levels of historical tax credits which include the Federal Historic, State Historic and NJ ASPIRE. Each of these grants are extremely sizable.
Full details available to qualified developers.
Located in a Qualified Opportunity Zone (QOZ), the building has been designed for the adaptive reuse of the 144k sq ft building into 144 apartments that feature modern industrial finishes.
The building has been designed by CosciaMoos as a LEED Gold Building which has an amenity package that includes an indoor pool, golf simulator, movie theater, dog park and a roof deck with skyline views of Philadelphia.
This project qualifies for 3 levels of historical tax credits which include the Federal Historic, State Historic and NJ ASPIRE. Each of these grants are extremely sizable.
Full details available to qualified developers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
146,000 SF
Building Class
B
Year Built
1910
Price
$10,500,000
Price Per SF
$71.92
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
24,333 SF
Building FAR
1.52
Lot Size
2.21 AC
Opportunity Zone
Yes
Zoning
QOZ - Qualified Opportunity Zone: Providing potential tax incentives and investment benefits for qualified investors.
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 30-00602-0000-00002 | Improvements Assessment | $300,000 |
| Land Assessment | $550,000 | Total Assessment | $850,000 |
PROPERTY TAXES
Parcel Number
30-00602-0000-00002
Land Assessment
$550,000
Improvements Assessment
$300,000
Total Assessment
$850,000
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101 N Pavilion Ave
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