“This property auction is truly a win-win for everyone,” said Mayor Reed Gusciora. “It has led to both economic and social success for the City and entrepreneurs who have sought ventures locally.”

As a key part of its efforts to return underutilized buildings to upgraded, useful structures, the City of Trenton will auction 89 city-owned properties on Monday, September 16th.

The auction will be held in the Council Chambers of Trenton City Hall, 319 East State Street, on the 3rd floor, at 10 a.m. Minimum bids for properties start at $1,000 and increase to as much as $75,000, although most average about $4,000.

Properties for sale are located throughout the City and represent various types of uses – commercial structures, houses and undeveloped lots. They will be sold “as is/where is” and the new owners of the few properties with current tenants must honor their existing leases after the purchase.

Properties can be viewed between Sept. 10th and Sept. 13th. Bidders must register for the auction by 11:30 p.m. on Sunday, Sept. 15. The list of properties with important details is available on the city’s website.

In an effort to help stabilize and revitalize neighborhoods and commercial areas – and help the City provide services – the auctioning of mostly vacant structures will result in an enhanced feeling of community.

Going forward the new owners will keep the properties up to code, pay municipal taxes and help improve the neighborhood.