Medical Premises

Pennington, NJ Medical Office Space for Sale

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Stand-Alone Medical Office Building
Updated: Aug 6, 2025
Stand-Alone Medical Office Building

132 Route 31, PENNINGTON, Pennington, NJ 08534

$799,000
1.00 AC lot
Prime location with high visibility.
Spacious, custom‑built floor plan with multiple exam and consultation rooms.
Large, private, well‑lit parking lot (10+ cars).
Full walk‑out basement providing ample storage.
Tankless hot water heater and water softener included.
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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Pennington, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Medical Office Building
Renovated Medical Office Building

3-1-3 Mapleton Rd, Princeton, NJ 08540

$1,899,000
5,385 sqft

Completely renovated professional/medical building with vaulted ceilings, multiple entrances, and abundant on-site parking.

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Ewing Medical Office Building
Ewing Medical Office Building

34 SCOTCH Road, Ewing, NJ 08628

$1,300,000
0.68 AC lot

Fully leased medical office building near Capital Health Medical Center.

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Leased Medical Office Building
Leased Medical Office Building

34 Scotch Road, Ewing, NJ 08628

$1,300,000

Fully leased medical office building with elevator access, prominent signage, and ample parking near major regional routes.

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Princeton Office/Medical Space Available
Princeton Office/Medical Space Available

707 Alexander Rd, Princeton, NJ 08540

Contact for pricing
24,168 sqft

Office and medical space for sale near Princeton University.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Development Land
Commercial Development Land

812-822 US Highway 206, Hillsborough, NJ 08844

$2,995,000
7.88 AC lot

Three-lot commercial development site with 631 feet of frontage on US Highway 206 in Hillsborough’s HS zone.

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Commercial Land with Medical Uses
Commercial Land with Medical Uses

351 Doctors Way, Hillsborough, NJ 08844

$2,500,000
3.29 AC lot

Commercial HS zoning supports medical offices, business services, restaurants, and designated care facilities.

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Commercial Land in HD Zone
Commercial Land in HD Zone

123 Applegarth Road, Monroe, NJ 08831

$1,275,000
3,204 sqft 4.60 AC lot

4.6-acre commercial land on Applegarth Road with existing single-family residence and public water access in Monroe’s HD zone.

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Pennington, NJ Medical Office Space Market Trends and Statistics

Explore 1 medical office space for sale in Pennington, NJ on our real estate platform.

Sale prices for medical spaces in Pennington, NJ average $799,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Office buildings 9
Office Units 8
Medical Office Space 1

Demographics Overview

Population 13K
Population Growth (5Y) +0.1%
Median Household Income $180,491

High-Yield Neighborhoods for Investment

Identify Pennington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
08534 $799K

Taxes & Financing

Tax Rate (average for all types) 2.99%
Property Tax per SF $63.29 per SF
Tax Rate vs County Average 0.08 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Mercer County

New Delisted

Total CRE Inventory on Market (SF)

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