Trenton, New Jersey 08608- 12,000 sq ft commercial brick building
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Item Description

124 North Warren St, Trenton, NJ 08608

Large commercial building with huge Potential.

Great location in Trenton the capital of the New Jersey

Sold with clear title no liens or back taxes

12,000 sq ft in downtown Trenton- New Jersey

This is a unique opportunity for the savvy business owner, developer or investor to control a potentially high income property at a discounted price in a great location. Property needs a rehab.

4 storey brick building on 4,872 sq ft. Frontage about 29 ft and depth about 169 ft.

Former Elks Lodge with meeting and banquet rooms and several bathrooms. The building location is ideal for retail and office with possible configuration as 1st floor retail store/Restaurant and professional office space on the upper floors.

Possible uses: offices, institutional, educational, lodge, banqueting hall, conference center, small hotel, restaurant, club, retail.

4 story brick building is mostly open floor plan. It has 3 large banquet rooms on 3 floors, and many bathrooms and smaller rooms.

Needs a rehab.

 

Location:

Great location in downtown Trenton, in the revitalization zone, marketed by the Trenton Downtown Association. Located in the heart of most secure place in Trenton City. Surrounded by Federal and State offices. Parking garage 150 feet away. The property is located near the state Capitol buildings and about one half block from State St. It is situated in the middle of the block and across from a park. It offers easy access to Routes/Interstates 1, 29, 129, I-195, I-295, and the NJ Turnpike and is a five minute ride to Pennsylvania's Bucks County area.

Great investment opportunity:

According to Trulia.com average listing price in 08608 is $177,315.

Price Comps:

25 S. Warren Street, Trenton, NJ 08608- 3,426 sq ft – Sold 09/25/2013 for $150,000

102-104 W State St , Trenton, NJ 08606- 8,934 Sq ft- Sold 08/29/2013 for $965,000

118 S Warren Street, Trenton, NJ 08608- 4,830 sq ft-   Sold 11/2/6/2012 for $583,333

47 E State Street, Trenton, NJ 08608- 6,799 sq ft-  Sold 08/28/2012 for $335,000

Currently on the market:

113 S Warren Stree, Trenton, NJ 08608 – 3,500 sq ft - $209,900

16-18 West Lafayette St, Trenton, NJ 08608- 3,780 sq ft- $485,000

12 South Warren St., Trenton, NJ 08608- 5,300 sq ft- $259,000

124 W. State Street, Trenton, NJ 08608 – 5,878 sq ft- $725,000

 

Property was listed in December 2007 for: $1,799,000

 

PROPERTY IS SOLD AS IS, WHERE IS- with clear Title and no liens or back taxes

Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.

Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.

10% non-refundable deposit, auction premium and $500 deed preparation and doc fee are due within 48 hours of auction close.

Final Payment to be made within 3 weeks of the Auction close.

 

All bidders to do their due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.