101 N Pavilion Ave
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101 N Pavilion Ave
146,000 SF Vacant Office Building Riverside, NJ 08075 $17,009,640 CAD ($117 CAD/SF)
Investment Highlights
- The former Philadelphia Watchcase Factory, offering a unique opportunity for adaptive reuse into 144 apartments with modern industrial finishes
- Includes an indoor pool, golf simulator, movie theater, dog park, and a roof deck with breathtaking skyline views of Philadelphia.
- Designed by CosciaMoos, the building is built to sustainable standards, ensuring energy efficiency and environmental responsibility.
Executive Summary
As the Exclusive Representative for the Owner, Delphi Property Group. is pleased to present you with the opportunity to purchase the former Philadelphia Watchcase Factory; identified as 101 N Pavilion Avenue, Riverside, NJ.
Located in a Qualified Opportunity Zone (QOZ), the building has been designed for the adaptive reuse of the 144k sq ft building into 144 apartments that feature modern industrial finishes.
The building has been designed by CosciaMoos as a LEED Gold Building which has an amenity package that includes an indoor pool, golf simulator, movie theater, dog park and a roof deck with skyline views of Philadelphia.
This project qualifies for 3 levels of historical tax credits which include the Federal Historic, State Historic and NJ ASPIRE. Each of these grants are extremely sizable.
Full details available to qualified developers.
Located in a Qualified Opportunity Zone (QOZ), the building has been designed for the adaptive reuse of the 144k sq ft building into 144 apartments that feature modern industrial finishes.
The building has been designed by CosciaMoos as a LEED Gold Building which has an amenity package that includes an indoor pool, golf simulator, movie theater, dog park and a roof deck with skyline views of Philadelphia.
This project qualifies for 3 levels of historical tax credits which include the Federal Historic, State Historic and NJ ASPIRE. Each of these grants are extremely sizable.
Full details available to qualified developers.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
146,000 SF
Building Class
B
Year Built
1910
Price
$17,009,640 CAD
Price Per SF
$117 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
24,333 SF
Building FAR
1.52
Land Acres
2.21 AC
Opportunity Zone
Yes
Zoning
QOZ - Qualified Opportunity Zone: Providing potential tax incentives and investment benefits for qualified investors.
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $420,231 CAD | |
| Land Assessment | $2,229,746 CAD | Total Assessment | $2,649,977 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,229,746 CAD
Improvements Assessment
$420,231 CAD
Total Assessment
$2,649,977 CAD
-
Jamie Weiner -
Delphi Property Group, LLC.
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101 N Pavilion Ave
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