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Hopewell Land Site For Sale
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38 Route 31 North Hopewell NJ, Pennington, NJ 08534

12 acre land site on Route 31 North.

Property SizeContact for details
Lot Size12.00 Acres
Days on Market614

Property Features for 38 Route 31 North Hopewell NJ

General Information

Standard status Active
Lot size 12.00 Acres
Property subtype Land
Zoning IC, HB
Listing Agency: Commercial Property Network Inc
Listed By: William Barish · License #NJ 8610435
Source: Crexi
Added: Dec 15, 2024 Changed: Aug 20 Last Checked: Aug 21 at 10:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Property Network Inc

Investment Insights

Based on property information with market context.

This 12-acre land site is located on Route 31 North. The site is high, dry, and clear, making it suitable for development. It features over 500 feet of frontage along Route 31 and is close to retail and other services. The location provides convenient access, being two miles from 295 and close to 202 and Route One. The property is industrially zoned with some commercial applications. Onsite septic and well are required, and percs have been completed. Approvals are in process for 108,000 square feet, with no variances involved. The site is being sold or offered as a joint venture, subject to approvals, or the buyer can have involvement in the approval process. Documents are available regarding the absence of wetlands or environmental aspects. Up to 36-foot clear height, docks, and drive-in access are available. Great site signage is possible.

Key Highlights

  • Approvals in process for development, buyer involvement possible.
  • High, dry, and clear 12‑acre land site, near‑ideal for development.
  • Over 500’ frontage on Route 31, with high visibility and great site signage.

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Storage Facility Auto Repair Shop Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

390
Businesses Nearby

Demographics for 08534, NJ

12,955
Population
5,107
Households
2.5
Avg Household Size
45
Median Age
72%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
594
Density / Sq Mi
$180,491
Median Household Income
$94,154
Median Earnings
$2,106
Median Rent
$573,100
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - 12 acre land site on Route 31 North.
Where is this industrial land located?
The property is located at 38 Route 31 North Hopewell NJ Pennington, NJ.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Approvals in process for development, buyer involvement possible.; High, dry, and clear 12‑acre land site, near‑ideal for development.; Over 500’ frontage on Route 31, with **high visibility and great site signage**.
More about this property
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