Property profile

2 Nj-31 Pennington, NJ 08534

OFF-MARKET
Retail properties & Spaces
10,711 SF 2.5 ac lot
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Property summary

AI-generated overview

This exceptional retail property, located at 2 NJ-31 in Pennington, New Jersey, offers 10,711 square feet of versatile space on a 2.5-acre lot. The property boasts 40 parking spaces, providing ample convenience for customers and employees. Its strategic location at a traffic signal ensures high visibility and accessibility, further enhanced by the availability of pylon signage. The diverse range of existing businesses in the immediate vicinity includes office spaces, banks with drive-thru facilities, childcare centers, schools, professional offices, a research laboratory, and a cannabis establishment, indicating a thriving and diverse commercial environment. This presents a unique opportunity for a variety of retail businesses seeking a prominent location in a well-established community. The property's size and ample parking make it suitable for a wide range of uses, from larger retail operations to smaller businesses seeking expansion. The high traffic count and visibility at the traffic signal intersection offer unparalleled exposure to potential customers. The existing infrastructure and diverse mix of businesses create a synergistic environment, promising strong potential for success. This property is offered for sale and presents a compelling investment opportunity in a desirable New Jersey location. The zip code is 08534, and the property is situated in Mercer County.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,711 SF
Lot 2.5 ac (108,900 SF)

Cap rate & NOI

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

Location

2 Nj-31 Pennington, NJ 08534
Pennington 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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