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    2 Route 31 Pennington, NJ 08534

    For Lease
    Contact for pricing

    Prime Mercer County Office Suites Available

    Lot size:
    10,711 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 2 Route 31

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,711 SF

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    4,911 SF
    Space
    1st Floor
    Size
    5,800 SF

    HighLights

    • Mixed‑use property with office, retail, bank (drive‑thru available), childcare, school, and professional office space, plus a research lab and cannabis dispensary.
    • High‑traffic corner location at a signalized intersection.
    • Pylon signage opportunity available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.799509
    Latitude
    40.3265523

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    FAQs

    What type of property is this?
    Individual retail property - Prime Mercer County Office Suites Available
    Where is this individual retail property located?
    The property is located at 2 Route 31 Pennington, NJ.
    What are key features of this property?
    This property features: Mixed-use property with office, retail, bank (drive-thru available), childcare, school, and professional office space, plus a research lab and cannabis dispensary.; High-traffic corner location at a signalized intersection.; Pylon signage opportunity available.
    Request Owner's contact information
    2 Route 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
    2 Route 31 Pennington, NJ 08534
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