Property summary
This exceptional 6.7-acre commercial property in Princeton, NJ, presents a unique investment opportunity. Located at 1004 US-206, this offering encompasses two parcels, one vacant and the other improved with a house currently generating monthly rental income of $2,150 from a month-to-month tenant. The property is zoned REO-3, permitting both residential and commercial development. The total asking price is $1,450,000, translating to approximately $216,417.91 per acre. This prime location offers main road access and significant potential for various uses, including office buildings, playgrounds, or automotive-related businesses. The property's dual-parcel nature, combined with existing rental income, provides immediate return on investment and flexibility for future development. The APN numbers are 13-34001-00058 01 & 2713-34001-0000-00059. This is a rare opportunity to acquire a substantial commercial land holding in a highly desirable Mercer County location, offering both immediate income and long-term development potential. The property is sold as a package with the adjoining parcel at 994 Route 206.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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