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    130 Nj-31 Pennington, NJ 08534

    Sponsored
    For Lease
    $12 SF/Yr ($6,666 /Mo)

    Prime Pennington Office Space, 24 Parking Spots

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,400 square foot office building in Pennington, New Jersey, presents a unique opportunity for a single tenant. Located at 130 N Route 31, this Class B property boasts a highly visible street frontage with excellent signage opportunities. The building features a single story, offering convenient access and ample space. The interior includes a spacious reception and waiting area, a large conference room, a well-equipped staff kitchen, and a dedicated production room. In addition to these common areas, the layout provides a mix of private offices, executive suites, and large open work areas suitable for teams. The property includes 24 parking spaces, ensuring convenient parking for employees and clients. Previously occupied by an accounting firm, the building benefits from upgraded finishes and features. Its strategic location on Route 31 provides easy access to major highway networks and surrounding communities, making it an ideal location for businesses seeking high visibility and convenient commuting options. The entire 6,400 square feet is currently vacant and ready for immediate occupancy. The zip code is 08534.

    Property Features for 130 Nj-31

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF
    Class
    B
    Total Rate
    6666.67

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    6,400 SF
    Rate per SF
    $12

    HighLights

    • 6,400 SF single‑tenant office building in Pennington, NJ.
    • Located at 130 N Route 31 with high visibility and excellent signage.
    • Single‑story building with convenient access and ample space.
    • Features reception area, conference room, kitchen, and production room, plus private offices, executive suites, and open work areas.
    • 24 parking spaces.
    • Upgraded finishes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.798161557753
    Latitude
    40.356881306726

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    Nearby Similar for Lease

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      Charming Pennington Commercial Lease Opportunity

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Pennington Office Space, 24 Parking Spots
    Where is this office property / space located?
    The property is located at 130 Nj-31 Pennington, NJ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 6,400 SF single-tenant office building in Pennington, NJ.; Located at 130 N Route 31 with high visibility and excellent signage.; Single-story building with convenient access and ample space.
    Request Owner's contact information
    130 Nj-31 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
    130 Nj-31 Pennington, NJ 08534
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