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    130 Route 31 N Pennington, NJ 08534

    For Lease
    $13 SF/Yr

    CommercialLease - PENNINGTON, NJ

    Type:Office
    Lot size:
    1.65 Acres
    Days on Market:
    298
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 130 Route 31 N

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    28
    Parking features
    Parking Lot
    Lot size
    1.65 Acres

    Utilities

    Heating system
    Forced Air, Hot Water(Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Number of units
    1
    Building materials
    Brick, Stick Built

    MJ Lancaster Group LLC 609-987-8889 x118 [email protected]

    Listing agent Michael Briehler (609) 987-8889

    Listing date Feb 11, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pennington Office Building For Lease

    The property at 130 Route 31 North in Pennington, NJ, is a single-story office building available for lease. The building has a total area of 6,400 square feet and benefits from direct visibility and signage opportunities on Route 31 North. The location experiences an average daily traffic volume exceeding 20,000 vehicles. The property is situated on 1.65 acres in a park-like setting. It is located in Hopewell Township and offers direct access to Route 31, providing convenient connectivity to major highways and surrounding communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.79803
    Latitude
    40.35477

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    FAQs

    What type of property is this?
    Office building - Single-story office building with high visibility and signage opportunities.
    Where is this office building located?
    The property is located at 130 Route 31 N Pennington, NJ.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Direct visibility and signage to Route 31 with 20,000+ vehicles per day.; - 6,400sf single story office building.; - Convenient access to major highways and communities.
    (609) 987-8889
    Request Owner's contact information
    130 Route 31 N Pennington, NJ 08534
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    Pennington, NJ 08534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 Route 31 N Pennington, NJ 08534
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