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231 Clarksville Rd West Windsor Township, NJ 08550

Sponsored
For Sale
$4,350,000

Prime NJ Medical/Retail Complex, High Occupancy

Property size:
27,773 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 27,773 square foot, single-story office and retail complex located at 231 Clarksville Road in West Windsor Township, Mercer County, New Jersey. The property, built in 1986, boasts a 93.85% occupancy rate across its eleven units, generating a strong 7.30% cap rate at an asking price of $4,350,000 ($156.63/sq ft). Classified as a Class B property, it features a modified lease type and multi-tenancy structure. The building sits on a 5.877-acre lot (APN: 13-00010-0000-00019) and is zoned ROM4. Conveniently located in the heart of Princeton Junction, it offers easy access to major transportation arteries, including Routes 1 and 130, and is just minutes from the Princeton Junction Train Station, providing direct access to New York City and Philadelphia via the Northeast Corridor Line. The property includes 110 parking spaces and benefits from its proximity to numerous amenities, including a nearby shopping center with dining, entertainment, and daycare options, as well as Quakerbridge Mall, Market Fair, and Mercer Mall. The property features operable windows and separate mechanical systems. Annual property taxes are $98,030.39. This well-maintained property presents a compelling investment opportunity in a thriving location with strong tenant occupancy and excellent access to major transportation hubs and amenities. The property's strategic location and high occupancy make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable asset in a desirable New Jersey market.

Property Features for 231 Clarksville Rd

General Information

Property type
Lifestyle centers
Square Feet
27,773 SF
Class
B
Lot Size
256,002 SF

Building Details

Year Built
1986
Buildings
1
Stories
1
Units
11

HighLights

  • 27,773 SF single‑story office/retail complex in Princeton Junction, NJ.
  • 93.85% occupancy, 7.30% cap rate, $4,350,000 asking price ($156.63/SF).
  • Class B property, 11 units, modified leases, multi‑tenant.
  • 5.877‑acre lot (APN: 13‑00010‑0000‑00019), ROM4 zoning, 110 parking spaces.
  • Excellent access to Routes 1 & 130, Princeton Junction Train Station (NYC & Philadelphia access).
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Map

City
West Windsor Township
County
Mercer
State
New Jersey
Longitude
-74.6399975
Latitude
40.3009147

FAQs

What type of property is this?
Lifestyle center - Prime NJ Medical/Retail Complex, High Occupancy
Where is this lifestyle center located?
The property is located at 231 Clarksville Rd West Windsor Township, NJ.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 27,773 SF single-story office/retail complex in Princeton Junction, NJ.; 93.85% occupancy, 7.30% cap rate, $4,350,000 asking price ($156.63/SF).; Class B property, 11 units, modified leases, multi-tenant.
More about this property
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