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Key Details
Sold Price $1,316,250
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Palmer Square
MLS Listing ID 1003886817
Sold Date 11/30/16
HOA Y/N N
Originating Board TREND
Year Built 1920
Annual Tax Amount $19,326
Tax Year 2016
Lot Size 6,552 Sqft
Acres 0.15
Lot Dimensions 42X156
Property Description
Situated in the Central Business District of Princeton NJ on the Southwest side of Palmer Square computes to location, location, location. Building offers mixed use zoning with two offices (one a 2nd floor studio and the other with 4 large 1st floor rooms, 2 powder rooms & 4 entrances) as well as two 1 bedroom apartments. The first floor has four rooms with a little over 700 square feet and 1 and 1/2 baths. The second floor has: apartment #1 - a one bedroom & bath, LR, and galley kit with approximately 750 square feet. Suite #2 occupies the backside of the building and is a studio w' private bath, currently leased by a local Attorney with approximately 250 square feet and full bath. A "back" stairway in the house is blocked off but could be reopened to access the conference room in the office below on the first floor from Suite #2. Apartment #3 is rented as a furnished apartment with 1 bedroom & bath, LR & Kit on the 3rd floor. There is an unfinished basement with inside stair access plus exterior Bilco door access. There are 2 exterior fire escapes, A detached 2 car garage, plus 7 other parking spaces in the back lot, that completes the picture.,The building may be easily shown during normal business hours with the exception of Suite #2 as the Tenant would like 24 hour notice. Show the remainder of the building and if the Buyer likes what they see, bring them back by appointment to see Suite #2.
Location
State NJ
County Mercer
Area Princeton (21114)
Zoning CB
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Flooring Wood, Carpet, Vinyl
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Under Ground, Above Ground
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Building Description Other, Ceiling Fans,Fire Alarm,Fire Escape,Refrigerator(s)
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Princeton Regional Schools
Others
Tax ID 14-00019 02-00012
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Judson R Henderson • Callaway Henderson Sotheby's Int'l-Princeton
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327