Property profile

1004 Us-206 Princeton, NJ 08540

OFF-MARKET
Land
6.7 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 6.7 ac (291,852 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1004 Us-206 Princeton, NJ 08540
Princeton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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