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Warehouse Property with Office Space

2516 Pennington Rd, Hopewell Twp, NJ 08534

For Sale
$429,900

HBO zoning applies to a three-building property with warehouse and office components.

Property Size2,400 SF
Price / SF$179.13
Days on Market55

Property Features for 2516 Pennington Rd

General Information

Standard status Active
Size 2,400 SF
Total Parking Spaces 5
Property subtype Commercial
Zoning HBO

Additional Details

Warehouse Space 1,800 SF

Building Details

Building Size 2,400 SF
Year Built 1935
Buildings 3
Stories 2
Units 1
Listing Agency: Corcoran Sawyer Smith
Listed By: Robert Lopez · License NJ #681866
Source: Arcadiarealtors
Added: Sep 16 Changed: Nov 8 Last Checked: Nov 8 at 8:51AM

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 Corcoran Sawyer Smith

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Investment Insights

Based on property information with market context.

The property comprises three buildings: a two-story structure of approximately 2,400 square feet with one full bath, an 1,800-square-foot warehouse, and a third building that can function as a separate office. All three buildings have served as cold storage. The property is offered in as-is condition and is zoned HBO (Highway Business Office).

Route 31 provides access, with I-95 less than one mile away. The property is also minutes from 31 Circle and the historic town of Pennington.

Key Highlights

  • Three buildings, including a two‑story structure of approximately 2,400 SF
  • Separate 1,800 SF warehouse building
  • Third building can be used as a separate office

Property Analytics

Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Real Estate Agency Hair Salon (Bike/Boat/Book/etc) Store Bakery

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

75
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

Average Price Trend$/SF for Warehouses in Mercer County, NJ

$145 Jul
$155 Aug
$187 Sep
$192 Oct

Properties on Market for Warehouses in Mercer County

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • Hopewell Valley Self Storage — 77 NJ-31, Pennington, NJ 08534

Frequently Asked Questions

What type of property is this?
Warehouse - HBO zoning applies to a three-building property with warehouse and office components.
Where is this warehouse located?
The property is located at 2516 Pennington Rd Hopewell Twp, NJ.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Three buildings, including a two‑story structure of approximately 2,400 SF; Separate 1,800 SF warehouse building; Third building can be used as a separate office
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