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    7 Route 31 N Pennington, NJ 08534

    For Lease
    $5,550 /Mo ($2 SF/Yr)

    CommercialLease - PENNINGTON, NJ

    Type:Retail
    Lot size:
    0.63 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 7 Route 31 N

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    92
    Parking features
    Parking Lot
    Lot size
    0.63 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Building materials
    Brick

    Smires & Associates (609) 259-1414 [email protected]

    Listing agent Salvatore Bua (609) 259-1414 License #1430436

    Listing date Oct 1, 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

    Retail Space in Pennington Square

    Located in Pennington Borough, this retail space offers approximately 2,120 square feet for rent within the Pennington Square shopping center. The base rent is $22 per square foot, with an additional $9.45 per square foot for NNN expenses. The property is situated on approximately 3.6 acres at the southeast corner of the intersection of New Jersey State Highway 31 and Broemel Place in Mercer County. Pennington Square hosts a mix of local, individual, and national tenant businesses, including Verizon, Goodwill, Regent Floors, LJ Health Spa, Jersey Meds, Pennington Pizza Grill, Cheng's Kitchen, Road Runner Dry Cleaners, Artistic Nail Salon, Thai Restaurant, and a Chiropractor/Acupuncture practice. The shopping center provides approximately 90 on-site parking spaces. The location on Route 31 benefits from heavy traffic flow, with over 25,000 vehicles passing by daily.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Pennington Square, Pennington Center

    Location Insight

    • Map
    • Local Demand
    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.79868
    Latitude
    40.32837

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Pennington Square shopping center on Route 31.
    Where is this shopping center located?
    The property is located at 7 Route 31 N Pennington, NJ.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on busy Route 31 with heavy traffic flow (25,000+ vehicles per day).; - Located in Pennington Square shopping center with a mix of established local and national tenants.; - Ample on-site parking with approximately 90 spaces.
    (609) 259-1414
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    7 Route 31 N 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
    7 Route 31 N Pennington, NJ 08534
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