132 Route 31 Pennington, NJ 08534
This exceptional freestanding office building at 132 Route 31 in Pennington, NJ, presents a unique investment opportunity. Priced at $899,999, this property sits on a one-acre lot and offers significant versatility. Previously utilized as a medical office, its adaptable layout allows for a wide range of business applications. The building boasts high visibility from its prime location and is zoned VCR. The interior comprises a substantial 23x17 foot waiting room, three administrative offices, and four medical exam rooms. A dedicated laboratory includes a half-bath, and an additional half-bath serves the main area. Ample storage is available in the walk-out basement, which also houses essential utilities including a tankless hot water heater and water softener. The building is equipped with central air conditioning and forced-air heating. Exclusive parking is provided on-site. The expansive interior and flexible zoning make this property ideal for a variety of businesses seeking a prominent location with significant space and potential. This is a rare opportunity to acquire a well-maintained, versatile commercial building in a highly desirable area. The property's features and location combine to create an exceptional investment prospect. Don't miss this chance to transform this building into your ideal workspace.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
VRC · Pennington, NJPennington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.