Commercial: MLS #NJME2085114
Trenton, NJ, 08618 $ 2,500,000
Bedrooms-- Baths-- Sq 27,100 Monthly Estimate*
$ 17,267
for $2,500,000. This 27,100 square foot building was built in 1950 on a lot size of 1.31.
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY Approved Architectural Plans for 68 Residential Apartments | 1- & 2-Bedroom Units Exceptional Investment & Development Opportunity in Trenton, New Jersey! Presenting an exciting opportunity for investors, developers, and builders to acquire a multifamily development property. This property is being marketed with approved architectural designs for a proposed 68-unit residential apartment development featuring a desirable two-bedroom apartments. The proposed development offers an opportunity to contribute to Trenton's growing demand for quality residential housing while establishing a potentially valuable income-producing real estate asset. PROPERTY HIGHLIGHTS Property Address: 320 Spring Street, Trenton, NJ 08618 Proposed Development: 68 Residential Apartments Two-Bedroom Apartments Architectural Status: Approved Architectural Designs (per seller) Property Type: Multifamily Residential Development Investment Potential: Long-Term Rental Income and Asset Appreciation Location: Trenton, Mercer County, New Jersey DEVELOPMENT OPPORTUNITY The proposed 68-unit residential community is designed to accommodate a range of housing needs, including working professionals, individuals, couples, and families seeking convenient access to employment, transportation, shopping, and community amenities. With architectural designs already approved according to the seller, prospective purchasers have an opportunity to evaluate an established development concept rather than begin the architectural planning process from scratch. LOCATION ADVANTAGES Situated in New Jersey's capital city, the property offers access to the greater Mercer County market, major transportation corridors, government employment centers, healthcare facilities, educational institutions, and regional destinations. The location provides an opportunity for developers seeking to expand their multifamily residential portfolios within the Central New Jersey market. INVESTMENT HIGHLIGHTS Whether your investment strategy focuses on developing and holding rental properties, expanding an existing multifamily portfolio, or pursuing a residential development project, 320 Spring Street presents an opportunity worth exploring. 68 Proposed Residential Units. Approved Architectural Designs. Strong Multifamily Development Potential. ADDITIONAL INFORMATION Architectural plans, development documentation, and additional property information may be made available to qualified purchasers upon request. Permit Ready Buyers are responsible for independently verifying all municipal approvals, zoning requirements, permits, unit configurations, utilities, development costs, and project feasibility. Schedule a private consultation to learn more about this multifamily development opportunity at 320 Spring Street, Trenton, NJ. *Serious investors and qualified developers are encouraged to inquire.*
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FeaturesInteriorHeating Fuel None
Hot Water None
Central Air Y/N N
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GeneralSewer Public Hook/Up Avail
Heating None
Cooling None
Utilities None
Possession Immediate
Zoning R-2
Construction Materials Brick Front
Year Built 1950
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Municipality TRENTON CITY
Business Type Apartment Building
Accessibility None
County MERCER
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building
Water Access Y/N N
Status ACTIVE
Directions This property is parallel to W. State St. and the cross street is prospect Street
City TRENTON
MLS Area Trenton City (21111)
Lot Size Units Square Feet
Lot Size Square Feet 56998.39
Tax Annual Amount 28860.0
Price Per Sq Ft Total AG 92.24
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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ExteriorWater Source Public Hook-up Available
Type of Parking Off Site
Water View Y/N N
Building Area Total 27104.00
Lot Size Acres 1.31
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByHomesmart Nexus Realty Group - PrincetonBroker
Affordability Calculator
- Monthly Principal & Interest
- $17,267
- Monthly Property Taxes
- $2,405
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Trenton, NJ
Average List Price $747,894
Percent of Sale Price 70%
About Trenton, NJ 84,716 Population
-1% Since 2002
$ 35,062 Median Income
35.69 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/21/2026 | $2,500,000 | | Listed Price |