Bankruptcy Auction: Prime Retail/Commercial Development Opportunity

Description

Bankruptcy Auction: Onsite Tuesday, April 10th @ 11AM, Final Inspection & Registration @ 10AM.  $35K Deposit.  IN RE: Chapter 7 Bankruptcy Case No.: 3:16-bk-30422 (KCF).

The offering consists of a 1± acre prime retail/commercial development opportunity with 100± feet of frontage located directly on Route 206 in Princeton, NJ. The property is zoned “S2” which allows for several permitted uses including, retail, storage, banks, garages, hotels, motels, gas stations and much more.  

Currently the property is configured as a 2 family residential dwelling with a separate attached 950± SF office, workshop and storage area.

Documents

Auction Information

Property Information

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium: 10% based on highest bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $35,000 certified check.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

By Appointment Only on the following dates:

Thursday, March 29, 11AM to 2PM.
Thursday, April 5, 11AM to 2PM.
Tuesday, April 10, 9AM to 11AM (Auction Starts at 11AM).

Call 973-753-1313 ext 703 for an appointment slot.

Auction Information

Property Information

* Requires confirmation of Online Agreement

  • Buyers Premium: 10% based on highest bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $35,000 certified check.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

By Appointment Only on the following dates:

Thursday, March 29, 11AM to 2PM.
Thursday, April 5, 11AM to 2PM.
Tuesday, April 10, 9AM to 11AM (Auction Starts at 11AM).

Call 973-753-1313 ext 703 for an appointment slot.

Auction Info:

  • In Contract
  • Property Type
    Retail/Commercial
  • Property Location
    857 State Rd
    Princeton, NJ 08540
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Joshua Olshin