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Trenton Portfolio 2 Properties Offered at $2,500,000 in Trenton, NJ
INVESTMENT HIGHLIGHTS
- Potential for multiple residential units, Full basketball court, Gymnasium, Auditorium, General purpose rooms, Kitchen, and drive-in
- Parking for 8 plus
EXECUTIVE SUMMARY
Offering is a of two properties located on 127 Academy Street and 140 E. Hanover street. Both properties are vacant and will require extensive renovation and reinvention based on a new owner’s intended use.
Investor can benefit from Federal and State Tax credits as well as other incentives to facilitate redevelopment. The Federal Opportunity Zone program is designed to drive long-term capital investments. BUILDING REQUIRES EXTENSIVE RENOVATION!
If it's all cash we can do a better price. Two structures former YMCA building as is with contingencies for zoning. The building is vacant and closed up, whoever purchases the property needs to know that they would need to go in front of the planning board.
20% down, owner will finance. $400,000 down 5/15 8% interest rate.
There have been talks with officials in Trenton and there is a city lot that can be obtained for additional parking. If you are a developer and the owner likes you, the seller will help out with construction financing, subject to approval by the owner.
Other development sites available that are not being advertised that this time.
Investor can benefit from Federal and State Tax credits as well as other incentives to facilitate redevelopment. The Federal Opportunity Zone program is designed to drive long-term capital investments. BUILDING REQUIRES EXTENSIVE RENOVATION!
If it's all cash we can do a better price. Two structures former YMCA building as is with contingencies for zoning. The building is vacant and closed up, whoever purchases the property needs to know that they would need to go in front of the planning board.
20% down, owner will finance. $400,000 down 5/15 8% interest rate.
There have been talks with officials in Trenton and there is a city lot that can be obtained for additional parking. If you are a developer and the owner likes you, the seller will help out with construction financing, subject to approval by the owner.
Other development sites available that are not being advertised that this time.
PROPERTY FACTS
| Price | $2,500,000 | Number of Properties | 2 |
| Price / SF | $41.00 / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 60,970 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.45 AC |
| Status | Active |
| Price | $2,500,000 |
| Price / SF | $41.00 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 60,970 SF |
| Total Land Area | 0.45 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Dunham Hall Residence - YMCA of Trenton
127 Academy St, Trenton, NJ 08608 |
Multifamily | 24,595 SF | 1924 | - |
| 140 E Hanover St, Trenton, NJ 08608 | Specialty | 36,375 SF | 1950 | - |
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