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    70-74 Witherspoon St Princeton, NJ 08542

    Sponsored
    For Sale
    $3,750,000

    Shovel-ready, multi-use property in prime Princeton location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 70-74 Witherspoon Street in Princeton, NJ, presents a unique investment opportunity. Situated on a 0.11-acre lot, this fully approved and shovel-ready development offers unparalleled potential. The property's prime location on Witherspoon Street places it within walking distance of Princeton University, cultural attractions, and upscale amenities, ensuring high visibility and accessibility. The design seamlessly blends modern sophistication with classic charm, catering to both luxury and community needs. The building includes three elegantly designed apartments, each equipped with modern conveniences, offering comfortable and stylish living spaces. The layout also incorporates indoor and outdoor seating areas, perfectly suited for creating a vibrant and inviting atmosphere, ideal for a restaurant or similar hospitality venture. This property is a blank canvas, ready for an owner-occupant or investor to realize their vision, whether it's a high-end dining establishment combined with residential units or a diversified investment portfolio addition. The asking price is $3,750,000. This is a rare chance to acquire a piece of Princeton's rich history and vibrant future on one of the town's most desirable streets. The property's versatility and prime location make it an exceptional investment opportunity with significant long-term potential.

    Property Features for 70-74 Witherspoon St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Realty agency Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.66077
    Latitude
    40.35168

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    FAQs

    What type of property is this?
    Mixed-use property - Shovel-ready, multi-use property in prime Princeton location.
    Where is this mixed-use property located?
    The property is located at 70-74 Witherspoon St Princeton, NJ.
    What is the asking price?
    The asking price for this property is $3,750,000.
    (609) 921-1050
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    70-74 Witherspoon St Princeton, NJ 08542
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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
    70-74 Witherspoon St Princeton, NJ 08542
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