1004 Us-206 Princeton, NJ 08540
- Land
- 6.70 lot acres
Current Use by Public Records
- Land
Property Details for 1004 Us-206
- Lot size
- 6.70 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.6518
- Latitude
- 40.3815
