New Princeton Post Office Opens on Nassau Street
After a few delays, the new U.S. Post Office at 259 Nassau Street opened today, Nov. 9.
The new post office replaces the Palmer Square location, which is being sold to a developer. The U.S. Postal Service is selling post offices across the country as it downsizes.
Developer LCOR Ventures has purchased the Palmer Square property and plans to use the space for a restaurant or retail stores.
The new post office entrance is located on the side of 259 Nassau Street and was once a laundrymat. The post office will share space with a 7-Eleven. Renovations are still being done to the front of the building for the convenience store.
On 2009 the downtown Princeton Post Office building was evaluated at $2,000,000
Just saying because some people were hit by *huge* property tax increase because of this.
There were no property taxes increased or decreased by a property that isn’t taxed and hasn’t been taxed. No clue what you’re talking about. However, it will be nice to have property taxes paid by the new owner. Of course, a $2 million assessment is only $30k annually, not material to Princeton or an individually taxpayer.
Do you really think that 11000 sq ft of prime space in downtown Princeton was properly assessed to only $2 million?
Of course not. The whole assessment process was a big blow to all of us.
Well, that’s what is has sold for for to the developers, so the market has spoken!
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