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Four-Story Office Building
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5 Independence Way, Princeton, NJ 08540

Four-story office building with ample surface parking for convenient day-to-day access.

Property Size7,339 SF
Days on Market624

Property Features for 5 Independence Way

General Information

Standard status Active
Size 7,339 SF
Property subtype OFFICE

Amenities

surface parking

Building Details

Stories 4
Listing Agency: CBRE | East Brunswick
Listed By: Adam Englander
Source: Moodyscre
Added: Nov 13, 2024 Changed: Jul 30 Last Checked: Jul 30 at 9:13AM

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 CBRE | East Brunswick

Investment Insights

Based on property information with market context.

This four-story office building offers 7,339 SF of available space configured with a 14' unfinished ceiling height. The property also includes ample surface parking to support easy tenant and visitor access.

The building is located at 5 Independence Way in Princeton, NJ, positioned for straightforward arrival and on-site parking convenience.

With its multi-story layout and open ceiling height, the space can work well for tenants seeking flexible buildout options for office use, along with the day-to-day practicality of surface parking.

Key Highlights

  • 7,339 SF four‑story office building
  • 14' unfinished ceiling height
  • Ample surface parking

Property Analytics

Current Use

Joseph M Jacobs ... Law Firm Rosalind Westlake LLC Law Firm The Meehan Law Firm Law Firm Tekskills Inc. Corporate Office World Courier Inc Shipping Company

Suggested Use

Top Pick Auto Repair Shop Building Supply Hair Salon Pharmacy Spa & Massage Center Big Box & Wholesale Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby

Demographics for 08540, NJ

48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value

Market

Lease Benchmarks for Princeton, NJ

$25.5 /SF/Yr
Avg Asking Price
$25–$27 /SF/Yr
Price Range
49,610 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Four-story office building with ample surface parking for convenient day-to-day access.
Where is this office building located?
The property is located at 5 Independence Way Princeton, NJ.
What are key features of this property?
This property features: 7,339 SF four‑story office building; 14' unfinished ceiling height; Ample surface parking
(732) 616-8431 Call to check price and availability
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