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    2 Nj-31 Pennington, NJ 08534

    For Sale
    Contact for pricing

    10,711 SF Retail Building, 2.5 Acres

    Property size:
    10,711 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 2 NJ-31 in Pennington, New Jersey, offers 10,711 square feet of versatile space on a 2.5-acre lot. The property boasts 40 parking spaces, providing ample convenience for customers and employees. Its strategic location at a traffic signal ensures high visibility and accessibility, further enhanced by the availability of pylon signage. The diverse range of existing businesses in the immediate vicinity includes office spaces, banks with drive-thru facilities, childcare centers, schools, professional offices, a research laboratory, and a cannabis establishment, indicating a thriving and diverse commercial environment. This presents a unique opportunity for a variety of retail businesses seeking a prominent location in a well-established community. The property's size and ample parking make it suitable for a wide range of uses, from larger retail operations to smaller businesses seeking expansion. The high traffic count and visibility at the traffic signal intersection offer unparalleled exposure to potential customers. The existing infrastructure and diverse mix of businesses create a synergistic environment, promising strong potential for success. This property is offered for sale and presents a compelling investment opportunity in a desirable New Jersey location. The zip code is 08534, and the property is situated in Mercer County.

    Property Features for 2 Nj-31

    General Information

    Property type
    Retail properties
    Square Feet
    10,711 SF
    Lot Size
    108,900 SF

    HighLights

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

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -74.7994873
    Latitude
    40.3265412

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    FAQs

    What type of property is this?
    Retail property - 10,711 SF Retail Building, 2.5 Acres
    Where is this retail property located?
    The property is located at 2 Nj-31 Pennington, NJ.
    What are key features of this property?
    This property features: Mixed-use development with office, retail, bank (drive-thru available), childcare, school, and professional/research space.; High-traffic corner location at a signalized intersection.; Pylon signage opportunity available.
    (908) 668-9600
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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 Nj-31 Pennington, NJ 08534
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