Unique Value Add Investment Opportunity

Highlights

Description

SVN is pleased to present a rare and highly unique opportunity to acquire a professional office condominium complex. The 12 units are within a 3-story, elevator served professional office building that is situated on approximately one acre of ground in a desirable location in immediate proximity of downtown Hopewell Borough. The gross building area is approximately 13,522 SF. The building itself has a stately presentation and is situated in a park-like environment – directly across the street from St. Michaels Preserve, a 400-acre expanse of farm fields, forests and walking trails along the edge of Hopewell Borough. Hopewell is a highly desirable community with a number of distinctive shops and eateries. The offering represents an exceptional value-add investment with immediate rental income from owner-leasebacks of a number of the units. Additional value is created by the potential for future condominium association dissolution, fee-simple conversion and operating expense reduction. There is also an excellent opportunity for interested investors who need office space to occupy portions of the building.

SVN is delighted to present 83 Princeton Avenue in Hopewell, a premier free-standing office building situated in a highly sought-after location in Hopewell Township, New Jersey. This impressive 3-story, elevator-served professional office building rests on approximately one acre of land in a coveted area and enjoys immediate proximity to downtown Hopewell Borough. With multiple units available, ranging from 1,029 SF± to 1,538± SF, each boasting turnkey setups and functional floor plans, this property offers versatility to suit various business needs. The building presents a distinguished appearance, accommodating a range of medical and professional offices within a serene park-like setting. Its advantageous location is further enhanced by its proximity to St. Michaels Preserve, a sprawling 400-acre expanse of farm fields, forests, and walking trails along the outskirts of Hopewell Borough. Conveniently accessible, this location offers easy reach to a plethora of distinctive shops and restaurants, providing a rich array of amenities to tenants and visitors alike. With a strong demographic profile, this property presents an attractive opportunity for businesses seeking an upscale office environment in an amenity-rich locale.

Hopewell Township is located in Mercer County, New Jersey, within the Raritan Valley region. The township is an exurb of the New York City metropolitan area, as defined by the United States Census Bureau. Hopewell also directly borders the Philadelphia metropolitan area, being a part of the Federal Communications Commission's Philadelphia Designated Market Area. The property is located on Princeton-Hopewell Road (a/k/a Princeton Avenue) within walking distance of Hopewell Borough and is situated directly across the street from St. Michaels Preserve, a 400-acre expanse of farm fields, forests and walking trails along the edge of Hopewell Borough.

Documents

Units for Lease