83 Princeton Ave - Medical FOR SALE


Hopewell, NJ 08525
$1,850,000 USD
609-731-6076
83 Princeton Ave, Hopewell, NJ for Sale
$1,850,000 USD
Medical - FOR SALE
1/5
null | Request Cap Rate

83 Princeton Ave
Hopewell, NJ 08525


HIGHLIGHTS

  • Freestanding Building (Recent Fee-Simple Conversion)
  • 3-story, elevator served building
  • 0.98 AC ± land area
  • Ample parking - 50+ parking spaces
  • Total building area of 13,522 SF ± (12 units)
  • Ideal for both medical and professional office users

OVERVIEW

SVN is pleased to introduce a rare and highly unique opportunity to acquire a professional office investment, now available to the market for the first time. This offering encompasses a former office condominium building, comprising 12 individual units within a 3-story, elevator-served professional office building, occupying approximately one acre of prime real estate in a desirable location near downtown Hopewell Borough. Under current ownership, all 12 units within the association have been acquired, and the process of dissolving the association and converting the building to fee-simple ownership is underway. With a gross building area spanning approximately 13,522 SF, the property offers ample space for various business needs. The building exudes a stately presence and is nestled in a tranquil park-like environment, conveniently situated across the street from St. Michaels Preserve—a sprawling 400-acre expanse of farm fields, forests, and walking trails along the outskirts of Hopewell Borough. Hopewell stands out as a highly desirable community, boasting an array of distinctive shops and eateries. This offering presents an exceptional value-add investment opportunity, offering immediate rental income and significant potential for owner/users seeking to occupy the property.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C-1

APN/PARCEL ID

06-00018-0000-00012

ASK ABOUT THIS PROPERTY

William BarishCommercial Property Network, Inc.More Info
609-731-6076

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William BarishCommercial Property Network, Inc.More Info
609-731-6076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.