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    304 Route 31 Hopewell, NJ 08525

    For Sale
    $295,000

    High-traffic location, shovel-ready lot, approved plans.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 1.06-acre corner lot in Hopewell, NJ, presents a remarkable opportunity for commercial development. Situated at the heavily trafficked intersection of Route 31 and Route 518, this property boasts unparalleled visibility and accessibility. Its strategic location provides easy access to major roadways including Route 287, Route 78, and Route 202, offering seamless connections to I-95 and I-295. Furthermore, Route 518 provides convenient access to Skillman, Princeton, New Hope, PA, and numerous other surrounding areas. The property is already approved for construction, featuring plans for two commercial units on the first floor and two one-bedroom residential units on the second floor. One residential unit will be designated as a low-income unit for residents aged 55+. The substantial basement offers 1840 square feet of space, while the first floor comprises 2400 square feet, and the second floor encompasses 1400 square feet. The total above-ground building footprint is 3800 square feet (60ft wide x 46ft deep). Food establishments are also approved for this location. The lot is completely shovel-ready, making this an ideal investment for immediate development. Architectural renderings and floor plans are available upon request. This is a truly unique opportunity to capitalize on a prime location and pre-approved plans.

    Property Features for 304 Route 31

    General Information

    Property type
    Mixed-use properties
    Lot Size
    46,174 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Gym & Fitness Kitchen & Bath Food Market Garden Center Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8205
    Latitude
    40.38341

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, shovel-ready lot, approved plans.
    Where is this mixed-use property located?
    The property is located at 304 Route 31 Hopewell, NJ.
    What is the asking price?
    The asking price for this property is $295,000.
    (908) 782-6850
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    304 Route 31 Hopewell, NJ 08525
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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
    304 Route 31 Hopewell, NJ 08525
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