Property
Trenton, NJ 08608 127 Academy Street
$3,000,000
Presented By: Segal LaBate Commercial Real Estate
SQFT • 24,500
Home Details
Building is vacant and will require total reinvention to meet current market condition and long-term
investment objective. Its 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!
Presented By: Segal LaBate Commercial Real Estate
Interior Features for 127 Academy Street
Other Interior Features
Central Air Y/NNo
Heating FuelNone
Hot WaterNone
Number of Elevators1
Total Stories5
General for 127 Academy Street
Acceptable FinancingCash, Conventional, Negotiable, Seller Financing, Other
Accessibility2+ Access Exits
Business TypeApartment Building
CityTRENTON
Construction MaterialsBlock, Brick, Concrete, Frame, Masonry, Mixed, Brick Front, Batts Insulation
Cool FuelNone
CoolingNone
CountyMERCER
DirectionsComing from North, take US Route 1 and Continue on North to exit on Perry St in Trenton. Take the Perry St to turn left on North Montgomery and turn right on Academy Street.
Coming from 129 South or
HeatingNone
Lot Size Square Feet7640.00
Lot Size UnitsSquare Feet
MLS AreaTrenton City (21111)
ModificationTimestamp2025-07-17T14:52:51
MunicipalityTRENTON CITY
New ConstructionNo
Number Of Units Total1
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG122.45
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofAsphalt, Unknown
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount67082.0
Tax Assessed Value1205000.0
Tax Lot00010
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningHIST
Exterior for 127 Academy Street
Building Area Total24500.00
Car Parking Spaces
Foundation DetailsBlock, Brick/Mortar
Land Assessed Value916000.00
Land Use Code
Lot Dimensions0.00 x 0.00
Lot Size Acres0.18
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourceNone
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Aneesa Khan
Associate