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Property profile & analytics
OFF-MARKET
Banks

2 Rte 31st N Pennington, NJ 08534-1624

6,600 SF 2.62 ac lot
Individually Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US59-0839689
Property summary
AI-generated overview

This exceptional 10,711 square foot freestanding commercial property, located at 2 Route 31 in Pennington, New Jersey, presents a unique leasing opportunity. The building, situated on a generous 2.5-acre lot, offers multiple suites ideal for executive office use. Currently, the entire 10,711 square feet is available for lease, divisible into spaces ranging from a minimum of 4,911 square feet to a maximum contiguous space of 5,800 square feet. The property boasts a convenient drive-thru feature and ample parking with 40 spaces available for tenants and their clients. The building's classification includes retail and office space, making it suitable for a variety of businesses. Its location in Mercer County, New Jersey, offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The zip code is 08534. This property is perfect for businesses seeking a high-visibility location with substantial space and convenient amenities. The building consists of two total suites. This is a rare opportunity to secure a prominent location in a thriving area. Inquire today to learn more about this exceptional leasing opportunity.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Total area 6,600 SF
Lot 2.62 ac (114,300 SF)
Zoning code O-B
APN 08 00201-0000-00006
UPID US59-0839689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
First States Investors 3300 · 21 yrs held
First States Investors 3300
since 2004
1 recorded transaction
2004
$2.0M
Zoning & alternative use
O-B · Pennington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

100 Residence Zone. § 215-69 R-A Apartment-Townhouse Residence Zone. § 215-70 O-R Office-Residence Zone. § 215-71 TC Town Center Zone. § 215-71.1 TCB Town Center Buffer Zone. § 215-72 B-H Highway Business Zone. § 215-73 O-B Office (Building) Business Zone. § 215-74 P-O Professional Office Zone. § 215-75 E-1 Education Zone. § 215-76 E-2 Education zone. § 215-…

Zone name Office Building Zone
General category COMMERCIAL
Zone area 28.08 ac
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