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Stand-Alone Medical Office Building
For Sale
$799,000
Pending

132 Route 31, Pennington, NJ 08534

Freestanding building with medical office layout and ample parking.

Property SizeContact for details
Lot Size1.00 Acre
Days on Market381

Property Features for 132 Route 31

General Information

Standard status Pending
Lot size 1.00 Acre
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $22,383

Amenities

Backs to Trees
Front Yard
Highway
Landscaping
Level
Private

Building Details

Year Built 1986
Listing Agency: CALLAWAY HENDERSON SOTHEBY'S INT'L-PRINCETON
Listed By: GAYLE CIALLELLA
Source: Corcoran
Added: Aug 6, 2025 Changed: Aug 8 Last Checked: Jul 23 at 8:53AM

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 CALLAWAY HENDERSON SOTHEBY'S INT'L-PRINCETON

Investment Insights

Based on property information with market context.

This stand-alone building, previously used as a medical office, is custom built with attention to detail and positioned on a hill offering high visibility in a prime location. The spacious floor plan includes a large 23x20 waiting room, a 16x12 admin office space, four exam rooms (10x12, 8x12, 9x12, and 8x12), two consultation rooms, and two baths. Additional spaces include an 11x12 lab and two 14x12 offices. A full walk-out basement provides ample storage. The property features a tankless hot water heater and a water softener. A private, well-lit parking lot accommodates 10+ cars. The basement measures 65x29. With imagination, this space offers endless possibilities to be what you want it to be.

Key Highlights

  • Prime location with high visibility.
  • Spacious, custom‑built floor plan with multiple exam and consultation rooms.
  • Large, private, well‑lit parking lot (10+ cars).

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility Garden Center Butcher Florist

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

54
Businesses Nearby
Well-served
Demand for This Use

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 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?
Medical Office Space - Freestanding building with medical office layout and ample parking.
Where is this medical office space located?
The property is located at 132 Route 31 Pennington, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime location with high visibility.; Spacious, custom‑built floor plan with multiple exam and consultation rooms.; Large, private, well‑lit parking lot (10+ cars).
More about this property
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