83 Princeton Ave, Hopewell, NJ 08525

The 83 Princeton Avenue Condominium Association boasts a premier location in a highly desirable, turnkey medical/professional office condominium building in Hopewell Township, New Jersey. This 3-story, elevator served, professional office building is situated on approximately one acre of ground in a desirable location and in immediate proximity to downtown Hopewell Borough. Four (4) first and second floor units are available, ranging from 1,029 SF± to 1,538± SF, all with a turnkey set up and functional floor plans. The building has a stately presentation, hosts a variety of medical and professional offices 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. Easily accessible location in close proximity to distinctive shops and restaurants. Amenities rich location with a strong demographic profile.

SVN is pleased to present a rare and highly unique opportunity to acquire the majority interest of a professional office condominium complex. The offering is for 11 of the 12 units that comprise the 83 Princeton Avenue Condominium Association, which represents approximately 95% of the complex. The 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 and the area of the available units totals approximately 12,797 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.