1027 S Clinton Avenue, Trenton, NJ 08611

$699,999

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List Price
$699,999
Status
ACTIVE
Days on Market
24
MLS#
22625935
Subtype
Commercial Sale
Year Built
1940
Acres
0.17
MLS Area Major
Trenton (TRE)

Property Description

Historic Mixed-Use Building in Trenton's Chambersburg Corridor Introducing an exciting opportunity in Trenton's vibrant Chambersburg neighborhood! Welcome to 1027 S. Clinton Avenue, a stunning three-story building with immense potential for adaptive reuse. Featuring 16,240 SF of gross building area, this property offers a unique blend of historic charm with modern development possibilities. Constructed in 1887 with a 1940 addition, the building boasts open floor plates, exposed brick, arched windows, and a classic pediment showcasing the original "1887" date stone. It sits on a 7,501 SF corner lot and is zoned BB (Business B), allowing for versatile residential, commercial, and mixed-use options. Positioned within an Opportunity Zone and eligible for various tax credits and funding incentives, this property is a promising investment opportunity. With current occupancy at approximately 20% and the potential for complete vacancy, 1027 S. Clinton Avenue provides a blank canvas for your vision. Don't miss out on this prime location for your next project in this dynamic area of Trenton!

Additional Information

Taxes
$30,923
Zoning
Variance In, Retail, Commercial, Condo, Live-in Professional, Mixed, Multi-Use, Office, Professional, Residential, Multi-Family
Flooring
Concrete, Wood
Air Conditioning
Central Air
Exterior Features
Display Window
Stories
3

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Listing courtesy of NJ Elite Group LLC. Contact: