Trenton, NJ 08618

$2,500,000

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List Price
$2,500,000
Days on Market
2
Status
ACTIVE
MLS#
NJME2085114
Lot Size (Acres)
1.31
Year Built
1950
County
Mercer
School District
Trenton Public Schools

Property Description

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY Approved Architectural Plans for 68 Residential Apartments | 1- & 2-Bedroom Units Exceptional Investment & Development Opportunity in Trenton, New Jersey! Presenting an exciting opportunity for investors, developers, and builders to acquire a multifamily development property. This property is being marketed with approved architectural designs for a proposed 68-unit residential apartment development featuring a desirable two-bedroom apartments. The proposed development offers an opportunity to contribute to Trenton's growing demand for quality residential housing while establishing a potentially valuable income-producing real estate asset. PROPERTY HIGHLIGHTS Property Address: 320 Spring Street, Trenton, NJ 08618 Proposed Development: 68 Residential Apartments Two-Bedroom Apartments Architectural Status: Approved Architectural Designs (per seller) Property Type: Multifamily Residential Development Investment Potential: Long-Term Rental Income and Asset Appreciation Location: Trenton, Mercer County, New Jersey DEVELOPMENT OPPORTUNITY The proposed 68-unit residential community is designed to accommodate a range of housing needs, including working professionals, individuals, couples, and families seeking convenient access to employment, transportation, shopping, and community amenities. With architectural designs already approved according to the seller, prospective purchasers have an opportunity to evaluate an established development concept rather than begin the architectural planning process from scratch. LOCATION ADVANTAGES Situated in New Jersey's capital city, the property offers access to the greater Mercer County market, major transportation corridors, government employment centers, healthcare facilities, educational institutions, and regional destinations. The location provides an opportunity for developers seeking to expand their multifamily residential portfolios within the Central New Jersey market. INVESTMENT HIGHLIGHTS Whether your investment strategy focuses on developing and holding rental properties, expanding an existing multifamily portfolio, or pursuing a residential development project, 320 Spring Street presents an opportunity worth exploring. 68 Proposed Residential Units. Approved Architectural Designs. Strong Multifamily Development Potential. ADDITIONAL INFORMATION Architectural plans, development documentation, and additional property information may be made available to qualified purchasers upon request. Permit Ready Buyers are responsible for independently verifying all municipal approvals, zoning requirements, permits, unit configurations, utilities, development costs, and project feasibility. Schedule a private consultation to learn more about this multifamily development opportunity at 320 Spring Street, Trenton, NJ. *Serious investors and qualified developers are encouraged to inquire.*

Additional Information

Area
Trenton City (21111)
School District
Trenton Public Schools
Heating
None
Cooling
None
Utilities
None
Water
Available
Sewer
Sewer

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Listing courtesy of HomeSmart Nexus Realty Group - Princeton. Contact: