Property Showcase

601 PROSPECT AVEPrinceton, NJ 08540 0

$12,000,000
Vacant Land
Status: Active
  • Sqft:
  • Lot:18.47 acres
  • MLS#: 1005948591
40.359199523925781-74.627555847167969
Courtesy Of Callaway Henderson Sotheby's Int'l-Princeton

Description:

This is one of Princeton's most beautiful remaining tracts of land offering spectacular views of and access to Lake Carnegie in the coveted Riverside section. Originally a private residence, this gracious stone-sheathed manor home was built in 1914. When the non-profit research firm, Textile Research Institute, sought expansion and closer collaboration with universities after World War II, it purchased this estate in Princeton, a town which was attracting many new research and development companies. TRI-Princeton preserved the stately residence creating within its walls meeting rooms and offices, and the institution has remained a responsible caretaker for this beautiful estate for the past 70 years. The estate's land, originally including more acreage, now encompasses 18.47 acres featuring groves of specimen trees, broad expansive lawns, and a gentle slope to Lake Carnegie. The property is zoned R-5, which allows for the creation of 1/2 acre lots and is easily accessible with broad frontage on both Riverside Drive and Prospect Avenue. The stone manor house can be re-purposed once again or removed depending on the vision of the purchaser. The possibilities are limitless.

Main Features:

Listing Status Active Year Built 1914
School District PRINCETON REGIONAL SCHOOLS County Mercer
Taxes $75,120.00 Tax Year 2017
Rental Price $0 Zoning Subject To Zoning
Subdivision Riverside

Additional Features:

Air Conditioning No
Current Use Office
Other
Fireplace Y/N No
Location Lake
Lot Description Corner
Partly Wooded
Premium
Road Frontage
Subdivision Possible
New Construction No
Possession Negotiable
Rental Features No
Road Maintenance Boro/Township
Road Surface Paved
Rooms Master Bedroom
Sewer Public Sewer
Topography Level
Part Wooded
Utilities Electric Available
Natural Gas Available
Water Available
View Lake
Pasture
Scenic Vista
Trees/Woods
Water
Water Access Yes
Water Source Public
Waterfront Yes

Extra Features:

Frontage 700 List Type (Exclusive) Exclusive Right
MLSSystem ID TREND Price Per SQFT 14.92
Road Frontage 1400 Water Name Carnegie Lake

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Copyright© 2019 Bright MLS. All Rights Reserved.
Last Updated On: 6/16/2019 12:12:49 PM

601 PROSPECT AVE, Princeton, NJ 08540

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Information deemed reliable but not guaranteed.
Copyright© 2019 Bright MLS. All Rights Reserved.
Last Updated On: 6/16/2019 12:12:49 PM

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