304 Route 31 Hopewell, NJ 08525
- Mixed-use properties
- 1.06 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 304 Route 31
- Lot size
- 1.06 lot acres
- Property type
- Mixed-use properties
Description
This exceptional 1.06-acre corner lot in Hopewell, NJ, presents a remarkable opportunity for commercial development. Situated at the heavily trafficked intersection of Route 31 and Route 518, this property boasts unparalleled visibility and accessibility. Its strategic location provides easy access to major roadways including Route 287, Route 78, and Route 202, offering seamless connections to I-95 and I-295. Furthermore, Route 518 provides convenient access to Skillman, Princeton, New Hope, PA, and numerous other surrounding areas. The property is already approved for construction, featuring plans for two commercial units on the first floor and two one-bedroom residential units on the second floor. One residential unit will be designated as a low-income unit for residents aged 55+. The substantial basement offers 1840 square feet of space, while the first floor comprises 2400 square feet, and the second floor encompasses 1400 square feet. The total above-ground building footprint is 3800 square feet (60ft wide x 46ft deep). Food establishments are also approved for this location. The lot is completely shovel-ready, making this an ideal investment for immediate development. Architectural renderings and floor plans are available upon request. This is a truly unique opportunity to capitalize on a prime location and pre-approved plans.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hopewell
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.8205
- Latitude
- 40.38341
