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Two-Story Office Property
New
For Sale
$429,900

2516 PENNINGTON Road, Pennington, NJ 08534

Commercial Sale, PENNINGTON, NJ

Property SizeContact for details
Lot Size0.66 Acres
Days on Market2

Property Features for 2516 PENNINGTON Road

General Information

Property type Other
Property subtype Office
Parking 5
Parking features Driveway
Elementary school district HOPEWELL VALLEY REGIONAL SCHOOLS
Middle school district HOPEWELL VALLEY REGIONAL SCHOOLS
High school district HOPEWELL VALLEY REGIONAL SCHOOLS
Standard status Active
Lot size 0.66 Acres

Taxes and HOA fees

Tax Annual Amount 8818

Building Details

Year built 1935
Building materials Frame
Listing Agency: Corcoran Sawyer Smith - Princeton
Listed By: Robert J Lopez · License #681866
Added: Sep 14 Last Checked: Sep 15 at 2:06PM
MLS# NJME2083714

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The property comprises a two-story frame building constructed in 1935, a separate warehouse measuring approximately 1,800 square feet or more, and a third structure suitable for independent workspace. The main building contains approximately 2,400 square feet and one full bathroom. Prior uses include an antique shop and cold-storage operations.

Zoned HBO, or Highway Business Office, the property is positioned along Route 31 with access to a driveway. It is less than 1 mile from I-95 and minutes from the 31 Circle and Pennington. The zoning and existing configuration support consideration of professional office, medical, dental, banking, legal, accounting, or retail uses, subject to applicable approvals.

Key Highlights

  • Approximately 2,400SF two‑story building with 1 full bath
  • Approximately 1,800SF + warehouse space
  • Third building provides separate workspace

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Building Supply Restaurant Hair Salon Auto Parts Store Spa & Massage Center Dental Office

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

328
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - HBO-zoned property with multiple structures, warehouse space, and prior cold-storage use.
Where is this office units located?
The property is located at 2516 PENNINGTON Road Pennington, 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: Approximately 2,400SF two‑story building with 1 full bath; Approximately 1,800SF + warehouse space; Third building provides separate workspace
More about this property
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