Princeton, NJ 08542,201-205 WITHERSPOON ST

$1,474,169

Est. payment /mo

$1,586,600

7.1%
Est.Price: ?

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201-205 WITHERSPOON ST Princeton, NJ 08542

0.27 Acres Lot

SOLD DATE : 10/21/2016

Key Details

Sold Price $1,474,169

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1002686618

Sold Date 10/21/16

HOA Y/N N

Originating Board TREND

Year Built 1920

Annual Tax Amount $24,100

Tax Year 2016

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 73X161

Property Description

This is a unique opportunity for the investor/developer/builder to acquire a mixed-use Princeton property located in an area that is seeing a significant revival. The property consists of 3 buildings in one tax entity. Building #1 is a 3 story building with 1,651sf of office and four 1 Bed Room 1 Bath apartments. Building #2 is a single story 1,091sf office space. Building #3 is a 3 Bed Room 1 1/2 bath single family home. The property also includes 10 on-site parking spaces and a 2 car garage with an additional 200sf of storage area. Just a short walk to Nassau Street and within close proximity to the new Avalon 280 Unit residential project this prime location has the potential to exceed the appreciation that is projected to occur on Witherspoon Street over the next few years.

Location

State NJ

County Mercer

Area Princeton (21114)

Zoning RB

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Natural Gas

Fireplace N

Heat Source Oil

Exterior

Water Access N

Accessibility None

Road Frontage Boro/Township

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Princeton Regional Schools

Others

Tax ID 14-00021 01-00011

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by John J Vidulich • Coldwell Banker Residential Brokerage - Princeton
Bought with Susan L DiMeglio • Callaway Henderson Sotheby's Int'l-Princeton
agent

Cathi Powell

Realtor, Team Lead | License ID: MD-587850

+1(410) 419-5550

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