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    24 Main St Pennington, NJ 08534

    Sponsored
    For Lease
    $27 SF/Yr ($14,031 /Mo)

    Historic building, flexible space, prime location

    Lot size:
    6,236 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,236 square foot Class A retail property, located at 24 N Main St in Princeton's Pennington submarket, presents a unique investment opportunity. Originally built in 1890 and extensively renovated in 2019, this one-building property boasts three suites totaling 6,236 square feet, currently fully vacant. The minimum divisible space is 2,968 square feet, with a maximum contiguous space of 6,236 square feet. The first floor, totaling 2,968 square feet, offers a handicap-accessible storefront entrance, a large open area ideal for retail or office use, a separate entrance, a conference room, two bathrooms, and a pantry. The upper two floors (3,268 square feet combined) feature hardwood floors, high ceilings, abundant natural light, and offer flexible layouts suitable for various office configurations. The second floor includes up to eight individual offices with a shared workspace and two bathrooms. The third floor provides a large open carpeted area. The property includes two reserved parking spaces and benefits from ample parking in a nearby municipal lot. Situated on a 0.13-acre lot, the property is zoned TCB in Mercer County and enjoys excellent visibility on Delaware Ave. Property taxes are $3 per square foot. This historic building offers a blend of character and modern amenities, making it suitable for a wide range of retail and office users.

    Property Features for 24 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,236 SF
    Class
    A
    Total Rate
    14031

    Building Details

    Year Built/Renovated
    1890/2019
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,663 SF
    Rate per SF
    $27

    HighLights

    • 6,236 SF retail building in Princeton, NJ, available for lease.
    • Multiple suites available, ranging from 2,968 SF to 6,236 SF contiguous.
    • Class A building, built in 1890 and renovated in 2019.
    • Located at 24 N Main St, near Delaware Ave, in Mercer County.
    • 13‑acre lot with ample municipal parking nearby.
    • Zoned TCB.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Front Porch Gift Shop G&R Marketing Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.791271453843
    Latitude
    40.328869665668

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    FAQs

    What type of property is this?
    Retail property - Historic building, flexible space, prime location
    Where is this retail property located?
    The property is located at 24 Main St Pennington, NJ.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 6,236 SF retail building in Princeton, NJ, available for lease.; Multiple suites available, ranging from 2,968 SF to 6,236 SF contiguous.; Class A building, built in 1890 and renovated in 2019.
    Request Owner's contact information
    24 Main St Pennington, NJ 08534
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    Pennington, NJ 08534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Main St Pennington, NJ 08534
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