1004 Rte Princeton, NJ 08540

Property Details for 1004 Rte

Year built

1945

Lot size

6.79 lot acres

Property size

275,000 SF

Property type

Commercial real estate

Description

This exceptional 6.79-acre commercial property in Princeton, NJ, presents a unique investment opportunity. Located at 1004 Route 206, the property comprises two parcels sold as a package. One parcel features a house currently occupied by a long-term tenant generating a monthly income of $2,150. This provides immediate cash flow for the investor. The second parcel is a vacant lot, offering significant development potential. The property is zoned REO 3, allowing for both residential and commercial uses. This flexibility opens doors to a variety of development scenarios, including the construction of an office building, playground, or automotive-related business. The total square footage of the buildings on the property is 275,000 square feet. The existing tenant in the house on the property is on a month-to-month lease at 994 Route 206, Block 34001, Lot 59, which is included in the sale. This prime location in Princeton offers excellent visibility and accessibility, making it an ideal investment for both short-term income and long-term growth. The asking price for this substantial property is $1,450,000. This is a rare opportunity to acquire a large, versatile property in a desirable location with immediate income potential.