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Bankruptcy Auction: Prime Retail/Commercial Development Opportunity
857 State Rd , Princeton, NJ - 08540
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
Unlock Due Diligence by signing the Confidentiality Agreement.
Auction Information
- Executive Summary
- Summary Auction Terms
- Contract of Sale
- Terms & Conditions of Sale
- Broker Registration Form
Property Information
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 Location:
On-Site