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
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Data last updated on 9/5/2024 at 11:11 PM UTC