228 W Delaware Ave, Pennington, NJ

Listing office Fennelly Associates f***@fennelly.com Show Phone

Listing date Nov 25, 2025

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Overview

This mixed-use property is located at the corner of W. Delaware and Route 31. The building has a total area of 3,509 square feet and includes a bank that leases 1,374 square feet under an absolute net lease. The lease term is from May 1, 2022, to April 30, 2027, and includes a security deposit of $3,600. The lease has one renewal option for 5 years with 3% annual increases, requiring 9 months' notice. In addition to the commercial space, the property features three apartments, two of which are currently vacant. There are 19 parking spaces available. The property has a lot size of 125 feet by 173.84 feet. Recent improvements include a new roof installed 10 years ago and a parking lot updated 3 years ago. The existing net operating income (NOI) is $70,000.

Suggested Use

Building Supply Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Real Estate Agency Discount Store Furniture & Home Goods Cafe & Coffee Shop Bar & Pub

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

Location Insight

• Map
• Local Demand

City

Pennington

County

Mercer

State

New Jersey

Longitude

-74.7994

Latitude

40.3271

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FAQs

What type of property is this?

Bank - Mixed-use property featuring a bank lease and residential apartments.

Where is this bank located?

The property is located at 228 W Delaware Ave Pennington, NJ.

What are key features of this property?

This property features: Existing NOI: $70,000; Bank Leases 1,374 SF – Absolute Net Lease until 4/30/27; 3 Apartments; 2 Vacant