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    24 Main St Pennington, NJ 08534

    Sponsored
    For Sale
    $1,850,000

    Historic building, prime location, high ROI.

    Property size:
    6,236 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning, mixed-use property at 24 N Main St, Pennington, NJ, presents a unique investment opportunity. Originally built in 1890 as a fire station, and later serving as Borough Hall and Library, this meticulously maintained building boasts 6,236 square feet across three stories. A recent 2019 renovation updated flooring and paint throughout, enhancing its modern appeal while preserving its historic charm. The ground floor, totaling 2,968 square feet, offers a storefront entrance with a large open space ideal for retail or office use, a conference room, two bathrooms, and a pantry. This handicap-accessible level provides excellent versatility. The upper two floors (3,268 sq ft combined) feature hardwood floors, high ceilings, abundant natural light, and offer up to eight individual offices with a shared workspace, plus two additional bathrooms. The third-floor mezzanine provides a spacious, carpeted open area. The property includes two reserved parking spaces and benefits from ample municipal parking nearby. Zoned TCB, this building is perfect for a variety of office and retail uses. The asking price is $1,850,000, with a price per square foot of $296.66. Occupancy is available August 10, 2023. This 0.13-acre lot offers a rare blend of history, modern amenities, and prime Pennington location. Don't miss this chance to own a piece of Pennington's rich history.

    Property Features for 24 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,236 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1890/2019
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • $1,850,000 asking price for this mixed‑use property in Pennington, NJ.
    • 6,236 square feet of net rentable space, offering a price per square foot of $296.66.
    • Three units in a three‑story, 1890 building renovated in 2019.
    • Located at 24 N Main St, Pennington, NJ 08534, on a 0.13‑acre lot.
    • Features creative office, executive office, and storefront spaces, ideal for owner‑users.
    • Zoned TCB, with two reserved parking spaces and ample municipal parking nearby.
    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
    -74.791492
    Latitude
    40.3288097

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, prime location, high ROI.
    Where is this individual retail property located?
    The property is located at 24 Main St Pennington, NJ.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: $1,850,000 asking price for this mixed-use property in Pennington, NJ.; 6,236 square feet of net rentable space, offering a price per square foot of $296.66.; Three units in a three-story, 1890 building 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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