24 Main StPennington, NJ 08534

  • Other commercial real estate
  • 6,333 SF
For Lease
$27/SF/YR View listing

Property Details for 24 Main St

Lot size
0.13 AC
Property size (Sq ft)
6,333 SF
Zone code
O-R
Property type
Other commercial real estate
APN
08 00205-0000-00019
APU
800205000000019

Description

This exceptional Class A creative office building, located at 24 North Main Street in Pennington, New Jersey, offers 6,236 square feet of versatile space. Originally built in 1890 as a fire station and later serving as the Pennington Borough Hall and Library, this three-story building underwent a complete renovation in 2019, boasting new flooring and paint throughout. The property features two available suites, with a minimum divisible space of 2,968 square feet and a maximum contiguous space of 6,236 square feet, making it ideal for a variety of office or retail tenants. Situated on 0.13 acres of land, the building is zoned TCB and benefits from two reserved parking spaces, plus ample parking in a nearby municipal lot. The building is conveniently located near Delaware Ave in the Princeton submarket of Mercer County (zip code 08534). Currently, the building houses the corporate headquarters of a pharmaceutical company. This unique property combines historic charm with modern amenities, offering a truly distinctive workspace in the heart of Pennington. The building has no elevators.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,198,451
    Hospitality
    $1,097,775
    Educational
    $913,336
    Medical
    $944,747
    Retail
    $1,420,745
24 Main St, Pennington, New Jersey

Location Insight

City
Pennington
County
Mercer
State
New Jersey
Latitude
40.3288
Longitude
-74.7916
CBSA code
45940
CBSA name
TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,806
$120,000
$543,600
$663,600
-
$120,000
$543,600
$663,600

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