2 Rte 31st N Pennington, NJ 08534

OFF-MARKET

Banks

Property ID

US59-0839689

6,600 SF 2.62 ac lot

Individually Owned 21-yr Hold Absentee Owner Free & Clear

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This exceptional 10,711 square foot freestanding commercial property, located at 2 Route 31 in Pennington, New Jersey, presents a unique leasing opportunity. The building, situated on a generous 2.5-acre lot, offers multiple suites ideal for executive office use. Currently, the entire 10,711 square feet is available for lease, divisible into spaces ranging from a minimum of 4,911 square feet to a maximum contiguous space of 5,800 square feet. The property boasts a convenient drive-thru feature and ample parking with 40 spaces available for tenants and their clients. The building's classification includes retail and office space, making it suitable for a variety of businesses. Its location in Mercer County, New Jersey, offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The zip code is 08534. This property is perfect for businesses seeking a high-visibility location with substantial space and convenient amenities. The building consists of two total suites. This is a rare opportunity to secure a prominent location in a thriving area. Inquire today to learn more about this exceptional leasing opportunity.

Property type Banks

Use group FINANCIAL BUILDING

Total area 6,600 SF

Lot 2.62 ac (114,300 SF)

Zoning code O-B

APN 08 00201-0000-00006

UPID US59-0839689

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

2 Rte 31st N Pennington, NJ 08534-1624

Pennington metro Census 3903 TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

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AI Approach AI

$475k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$475k

since 2004

1 recorded transaction

2004

$2.0M

Zoning description

100 Residence Zone. § 215-69 R-A Apartment-Townhouse Residence Zone. § 215-70 O-R Office-Residence Zone. § 215-71 TC Town Center Zone. § 215-71.1 TCB Town Center Buffer Zone. § 215-72 B-H Highway Business Zone. § 215-73…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$1,420,000

4,454 SF

1 Main St

FINANCIAL BUILDING

1 Main St, Pennington, NJ 08534-2217

View Details
Value Estimation
$405,000

0.91 Acres

4 Rte 31st S

FINANCIAL BUILDING

4 Rte 31st S, Pennington, NJ 08534-2512

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Value Estimation
$370,000

2.59 Acres

2583 Pennington Rd

FINANCIAL BUILDING

2583 Pennington Rd, Pennington, NJ 08534-3203

View Details
Value Estimation
$625,000

3,624 SF

5 Rte 31st N

FINANCIAL BUILDING

5 Rte 31st N, Pennington, NJ 08534-1605

View Details
Value Estimation
$1,255,000

1.34 Acres

3 Tree Farm Rd

FINANCIAL BUILDING

3 Tree Farm Rd, Pennington, NJ 08534-1460

View Details
Value Estimation
$345,000

3.22 Acres

84 Rte 31st N

FINANCIAL BUILDING

84 Rte 31st N, Pennington, NJ 08534-3605

View Details

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