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    101 Nj-31 Pennington, NJ 08534

    For Sale
    $3,995,000

    Prime Pennington Restaurant, 10,000 SF, 3.9 Acres

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, known as Rosedale Mills, presents a unique investment opportunity in the desirable Pennington, New Jersey market. Located at 101 NJ-31, this 10,000 square foot building sits on a generous 3.9-acre lot, offering significant potential for a variety of uses. Currently zoned IC, the property is ideally suited for a restaurant, but its size and location allow for exploration of other retail ventures. The existing structure provides ample space for a thriving business, and the expansive lot offers significant room for expansion or outdoor amenities. The property's prominent location on Route 31 ensures high visibility and accessibility for customers. The asking price for this remarkable property is $3,995,000. The current owner is open to selling the business, including all equipment and inventory, or the real estate alone, providing flexibility for potential buyers. This is a rare opportunity to acquire a substantial commercial property in a thriving New Jersey community. The property's size, location, and zoning make it an attractive investment for both established businesses and new ventures seeking a prime location in Mercer County. Don't miss this chance to own a piece of Pennington's vibrant commercial landscape.

    Property Features for 101 Nj-31

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF
    Lot Size
    169,884 SF

    HighLights

    • 10,000 SF building on a 3.9‑acre lot in Pennington, NJ.
    • Located at 101 NJ‑31, offering high visibility and accessibility.
    • IC zoning, suitable for restaurant or other retail uses.
    • Asking price: $3,995,000.
    • Sale includes option to purchase business assets (equipment and inventory) or real estate only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7963878
    Latitude
    40.3493508

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    FAQs

    What type of property is this?
    Restaurant - Prime Pennington Restaurant, 10,000 SF, 3.9 Acres
    Where is this restaurant located?
    The property is located at 101 Nj-31 Pennington, NJ.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 10,000 SF building on a 3.9-acre lot in Pennington, NJ.; Located at 101 NJ-31, offering high visibility and accessibility.; IC zoning, suitable for restaurant or other retail uses.
    Request Owner's contact information
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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
    101 Nj-31 Pennington, NJ 08534
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