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Property profile & analytics
FOR LEASE
Commercial real estate

24 N Main St Pennington, NJ 08534

6,333 SF 0.13 ac lot
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1108755
Property summary
AI-generated overview

This exceptional Class A creative office building, located at 24 North Main Street in Pennington, New Jersey, offers 6,236 square feet of versatile space. Originally built in 1890 as a fire station and later serving as the Pennington Borough Hall and Library, this three-story building underwent a complete renovation in 2019, boasting new flooring and paint throughout. The property features two available suites, with a minimum divisible space of 2,968 square feet and a maximum contiguous space of 6,236 square feet, making it ideal for a variety of office or retail tenants. Situated on 0.13 acres of land, the building is zoned TCB and benefits from two reserved parking spaces, plus ample parking in a nearby municipal lot. The building is conveniently located near Delaware Ave in the Princeton submarket of Mercer County (zip code 08534). Currently, the building houses the corporate headquarters of a pharmaceutical company. This unique property combines historic charm with modern amenities, offering a truly distinctive workspace in the heart of Pennington. The building has no elevators.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 6,333 SF
Lot 0.13 ac (5,590 SF)
Zoning code O-R
APN 08 00205-0000-00019
UPID US59-1108755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Front Porch (Bike/Boat/Book/etc) Store
  • G&R Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Christine A Murphy · 8 yrs held
Christine A Murphy
since 2017
2 recorded transactions
2017
Price N/A
2017
Price N/A
Zoning & alternative use
O-R · Pennington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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