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127 Academy St Trenton, NJ 08608

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For Sale
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Prime Trenton location, 53,000 SF, two buildings

Property size:
53,000 SF

Property Features for 127 Academy St

General Information

Property type
Multifamily properties
Square Feet
53,000 SF

Building Details

Buildings
2
Stories
5

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Listing Contact
Anne Labate
Anne Labate

Listing Agency: Segal LaBate Commercial Real Estate Listing Agent: Anne Labate

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional redevelopment opportunity presents a unique chance to acquire a substantial mixed-use portfolio in Trenton, New Jersey. The property comprises two buildings totaling 53,000 square feet, situated on a 53,000 square foot lot. The buildings, currently vacant, offer a blank canvas for a complete transformation, catering to the current market demands and long-term investment goals. The property is zoned for commercial and mixed-use development, allowing for diverse project possibilities. The existing structures are a five-story building with eight parking spaces. This investment is ideally suited for developers seeking to capitalize on the significant potential of this prime Trenton location. The property is strategically located within a designated Redevelopment Area and Opportunity Zone, providing access to substantial federal and state tax credits and funding opportunities designed to stimulate redevelopment in urban communities. This program allows investors to defer federal taxes on capital gains reinvested in Qualified Opportunity Funds within these designated areas, under guidelines established by the U.S. Department of the Treasury. The property is offered as a portfolio of two separate properties (127 Academy Street and 140 East Hanover Street), but can be purchased individually if desired. The asking price for the entire portfolio is $3,000,000, representing a price per square foot of $56.60. This presents a compelling investment opportunity with significant upside potential for the right developer. The property requires total renovation.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Trenton
County
Mercer
State
New Jersey
Longitude
-74.7629204
Latitude
40.2219342

FAQs

What type of property is this?
Multifamily property - Prime Trenton location, 53,000 SF, two buildings
Where is this multifamily property located?
The property is located at 127 Academy St Trenton, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Exceptional redevelopment opportunity: 53,000 SF mixed-use portfolio in Trenton, NJ.; Two vacant buildings totaling 53,000 SF on a 53,000 SF lot.; Zoned for commercial and mixed-use development; includes a five-story building with eight parking spaces.
(609) 394-7557 Call to check price and availability
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