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Historic Mixed-Use Property For Sale
For Sale
$924,900

137 Stockton St, Hightstown, NJ 08520

Iconic, renovated mixed-use property in Hightstown, New Jersey.

Property Size3,800 SF
Price / SF$243.39
Days on Market196

Property Features for 137 Stockton St

General Information

Standard status Active
Size 3,800 SF

Building Details

Year Built 1770
Listing Agency: Keller Williams Real Estate - Newtown
Listed By: James Balletto
Source: Kableteam
Added: Mar 26 Changed: Sep 29 Last Checked: Oct 5 at 11:57PM

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 Keller Williams Real Estate - Newtown

Investment Insights

Based on property information with market context.

Located at 137-141 Stockton Street, the "Smith House" is recognized as the oldest residence in Hightstown, established in 1721. This pre-Revolutionary asset, dating back to approximately 1770, offers high visibility as a commercial and residential property. The property has undergone a three-year renovation, blending historic prestige with modern infrastructure. The exterior features premium cedar wood siding and low-maintenance synthetic trim. Professional landscaping includes a mature Oak tree and established greenery, maintained by a sprinkler and drip system with a separate water meter. A circular driveway provides dual-street access from Stockton Street and Railroad Avenue, adjacent to the municipal public parking lot. The front entrance features custom mahogany woodwork. The building has been structurally enhanced and includes modernized natural gas forced-heat and central air via three independent HVAC units, high-capacity electrical, modern plumbing, and over 40 energy-efficient aluminum clad exterior and wood interior windows. The interior features 9-foot ceilings and custom-milled trim work matched to the original 18th-century profiles, along with a preserved original staircase with historic Pumpkin Pine treads. The 3,300 sq. ft. main showroom and office space includes imported 8 ¾ inch wide yellow pine flooring and full bathrooms on both floors. A separate 512 sq. ft. residential-ready studio with a full kitchen offers live-work flexibility or rental income. Situated in the Downtown Gateway (DTG) Zone, the property allows for various uses, including a law or medical suite, retail gallery, bistro, or residential space. It is located 10 minutes from Princeton Junction, 5 minutes from the NJ Turnpike (Exit 8), and less than an hour from NYC and Philadelphia. The property includes off-street parking and a concrete ADA-compliant access ramp.

Key Highlights

  • Historic Landmark: Own the iconic "Smith House" (c. 1770), Hightstown's oldest residence.
  • Extensive Renovation: Enjoy the blend of historic charm and modern infrastructure after a meticulous three‑year renovation.
  • Prime Commercial/Residential Location: High‑visibility location with versatile Downtown Gateway (DTG) zoning.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$50,160
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,200 $1.0M
Cap Rate 7%
$716,571 $716.6K
Cap Rate 9%
$557,333 $557.3K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$91.2K $24.00/SF
− Vacancy
−$10.9K −$2.88/SF
EGI
$80.3K $21.12/SF
− OpEx
−$30.1K −$7.92/SF
NOI
$50.2K $13.20/SF
Area
Mercer County, NJ
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,200
Cap Rate 7%
$716,571
Cap Rate 9%
$557,333

Alternative Uses

Best Use
Mixed Use
$716.6K
$627.0K – $836.0K (±1% cap)
NOI $50,160 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.22M
$1.07M – $1.43M (±1% cap)
NOI $85,582 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop Law Firm Daycare Center

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

742
Businesses Nearby

Demographics for 08520, NJ

29,291
Population
11,271
Households
2.6
Avg Household Size
40
Median Age
46%
College-Educated
92%
High-School Grad
18.0 sq mi
ZIP Area
1,627
Density / Sq Mi
$116,282
Median Household Income
$52,890
Median Earnings
$1,556
Median Rent
$361,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Iconic, renovated mixed-use property in Hightstown, New Jersey.
Where is this mixed-use property located?
The property is located at 137 Stockton St Hightstown, NJ.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Historic Landmark: Own the iconic "Smith House" (c. 1770), Hightstown's oldest residence.; Extensive Renovation: Enjoy the blend of historic charm and modern infrastructure after a meticulous three‑year renovation.; Prime Commercial/Residential Location: High‑visibility location with versatile Downtown Gateway (DTG) zoning.
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