88 Princeton Hightstown Rd West Windsor, NJ 08550-1100
- Commercial real estate
- 3.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 88 Princeton Hightstown Rd
- Year built
- 1999
- Lot size
- 3.00 lot acres
- Zone code
- EH
- Property type
- Commercial real estate
- APN
- 13 00011- 03-00031- 01
- APU
- 1300011030003101
Description
This exceptional two-story, 25,364 square foot Class B office building, constructed in 1999, presents a prime investment opportunity in Mercer County. The property boasts an attractive red brick exterior and is situated on three acres of land, offering ample parking with a 5:1000 ratio. The building features one elevator and is conveniently located near the Princeton Junction Train Station and US Highway 1, providing easy access for commuters. Multiple tenancy options are available, with spaces ranging from a minimum of 2,197 square feet to a maximum contiguous space of 2,535 square feet. Currently, 4,732 square feet are vacant, offering flexibility for various business needs. The building is strategically positioned approximately three miles from the University Medical Center of Princeton at Plainsboro, benefiting from a highly affluent demographic with an average household income exceeding $176,710 within a three-mile radius. Established medical tenants include Davita, Inc., Lifestance, Princeton Physicians Group, and Princeton Hypertension-Nephrology Associates, creating a strong and reputable tenant mix. The building's location near major transportation arteries and a highly desirable demographic profile makes this a compelling opportunity for businesses seeking a well-established and convenient location. The property offers a blend of medical and traditional office space, catering to a diverse range of potential tenants. The building's size and layout provide flexibility for various business configurations. The cross street is Alexander Road.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,640,000
- 6.5%
- $8,560,000
- 7%
- $8,840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,840,000
- Geo Method
- $7,485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,205,000
- Retail
- $8,840,000
- Mixed-Use
- $7,935,000
- Hospitality
- $7,140,000
- Educational
- $8,060,000
- Residential Income
- $8,100,000
- Energy
- $9,280,000
- Income-Based Land
- $7,785,000
- Food Service
- $8,180,000
Location Insight
- Map
- Local Demand
- City
- West Windsor
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.6195
- Latitude
- 40.3105
- CBSA code
- 45940
- CBSA name
- TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
