Active
127 Academy St
Trenton NJ, 08608
$3,000,000
$100.17 per sqft
Active
29,948 sqft
Other
Built in 1925
Building is vacant and will require total reinvention to meet current market condition and long-term
investment objective. It's located within the designated Redevelopment and Opportunity zone. This property is being sold as two properties portfolio, which includes 140 East Hanover Street. But they can be sold separately as needed. BUILDING REQUIRES TOTAL RENOVATION!
Investor can benefit from Federal and State Tax credits and available funds to facilitate the redevelopment. The Opportunity Zones program is designed to drive long-term capital investments into rural and urban communities. Investors can defer paying federal taxes on capital gains reinvested in Qualified Opportunity Funds that invest in designated communities, under rules released by the U.S. Department of the Treasury. BUILDING REQUIRES TOTAL RENOVATION!
NJME2044012
MLSⓇ ID
May 28, 2024
Listed
September 5, 2024
Updated
Map
127 Academy St
Trenton NJ, 08608
Interior Features
Total Stories
5
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Lot Size
0.18 Acres
Architectual Style
Back-to-Back
Roof
Asphalt
Sewer
Public Sewer
School Information
School District
TRENTON PUBLIC SCHOOLS
Other Property Details
Area Name
TRENTON CITY
Taxes
$67,082
Tax Frequency
Annually
Days on Market
79
Garage
No
Parking Total
8
View
No
County
MERCER
Pool
No
Listed by Charles Teh Jr., with Segal LaBate Commercial Real Estate
Listing Contact: 6096353709
The IDX display contains information sourced from the Bright MLS, Inc. as of 9/5/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 9/5/2024 at 11:11 PM UTC
