10 Route 31, Pennington, NJ 08534
- Office buildings
- 4,616 SF
- 4.83 lot acres
Current Use by Public Records
- Office buildings
Property Details for 10 Route 31
- Lot size
- 4.83 lot acres
- Zone code
- O-B
- Property type
- Office buildings
- APN
- 08 00201-0000-00005
- APU
- 800201000000005
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2019 | $3,500,000 | Scope Flp Pennington Sm LLC | Mercer Insurance Co | Grant Deed | $1.7M · Erol Veznedaroglu |
Description
This exceptional Class A office space, located at 10 N Route 31 N Unit 200 in Pennington, NJ, offers 4.83 acres of land and boasts a prime location with high visibility on Route 31. Currently configured as a second-floor suite with six windowed offices, two bathrooms, and a pantry area, along with a large open space, this versatile property is adaptable to various tenant needs and can be reconfigured to suit specific requirements. The suite features a private entrance with a dedicated elevator, ensuring convenient and independent access. Accessibility is ensured through handicap-accessible features. Tenants benefit from the inclusion of a large, 54-seat multimedia conference room and a shared kitchen, providing ample space for meetings and collaborative work. A separate entrance adds to the privacy and convenience of this space. The building is home to prestigious tenants, including Global Neurosciences Institute, Jag-One Physical Therapy, and Axiva Infusion Centers, establishing a high-quality professional environment. For the right tenant, subdivision of the space is a possibility. This property presents a unique opportunity for businesses seeking a prestigious and well-equipped office space in a highly visible location. The ample acreage offers significant potential for future expansion or development.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $425,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $735,000
- 6.5%
- $680,000
- 7%
- $630,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $909,000
Market price range: $468k - $910k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $670,000 Current use
- COMMERCIAL (GENERAL)
- $635,000 Change: -5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pennington
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7993
- Latitude
- 40.3293
- CBSA code
- 45940
- CBSA name
- TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
