2516 Pennington Road Pennington, NJ
$ 429,900
Property Attributes
  • MLS#NJME2007784
  • TypeCommercial
  • CountyMERCER
  • CityPennington
  • AreaHopewell Twp
  • Zip08534
  • StyleMedical,/General Retail,Professional
  • Year Built1935
  • Taxes$ 8299
  • Price$ 429,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.66 Acres
Listing Provided Courtesy Of:
Coldwell Banker Commercial, CBH
Data Source:
Bright MLS
Property Description

Building superbly situated with high visibility on Route 31. Ideal for conversion to professional offices such as medical, dental or bank. The main building consists of 2400sf and is located on .66 acres. There is also a large 1800sf warehouse space in rear of property, which may be utilized or leased for additional income. Circular driveway with plenty of parking. Very high DTC of 31,500. 1 mile from I-95 and seconds from 31 circle and Downtown Pennington. Retailers in close proximity include Super Stop N Shop, Rite Aid Pharmacy, Starbucks and Exxon. Building and warehouse currently being used as cold storage.

Price History
12/8/2021 Listed $429,900

General Features

Accessibility None
Business Type Medical, Other/General Retail, Professional, Other
Construction Materials Wood Siding
Cool Fuel Other
Cooling Other
Days on Market 47
Heating Other
Location Type Other
Lot Size Square Feet 28750.00
MLS Area Hopewell Twp (21106)
Municipality HOPEWELL TWP
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 179.12
Property SubType Office
Property Type Commercial Sale
Roof Shingle
Sewer Other
Tax Annual Amount 8299.0
Tax Year 2021
Utilities Natural Gas Available, Electric Available, Phone
Vacation Rental Y/N No
View Trees/Woods
Water Access Y/N No
Zoning HBO

Interior Features

Central Air Y/N No
Heating Fuel Other
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 2400.00
Car Parking Spaces 15
Fencing Y/n No
Lot Dimensions 00X00
Lot Features Level
Lot Size Acres 0.66
Lot Size Source Estimated
Navigable Water Y/N No
Total Parking Spaces 17
Type of Parking Driveway
Water Oriented Y/N No
Water Source Well
Water View Y/N No
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Primary Bedroom Unspecified


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 08534

AVG $1.57M
AVG $28,092
AVG 72
Year Built
AVG 1947

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