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 6% down.
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. Please reach out to John Cupo for more information (201)232-1711.