10 Route 31Pennington, NJ 08534

Property Details for 10 Route 31

Lot size

4.83 AC

Property size (Sq ft)

4,616 SF

Zone code

O-B

Property type

Office properties

Property subtype

Office buildings

APN

08 00201-0000-00005

APU

800201000000005

Description

This exceptional Class A office space, located at 10 N Route 31 N Unit 200 in Pennington, NJ, offers 4.83 acres of land and boasts a prime location with high visibility on Route 31. Currently configured as a second-floor suite with six windowed offices, two bathrooms, and a pantry area, along with a large open space, this versatile property is adaptable to various tenant needs and can be reconfigured to suit specific requirements. The suite features a private entrance with a dedicated elevator, ensuring convenient and independent access. Accessibility is ensured through handicap-accessible features. Tenants benefit from the inclusion of a large, 54-seat multimedia conference room and a shared kitchen, providing ample space for meetings and collaborative work. A separate entrance adds to the privacy and convenience of this space. The building is home to prestigious tenants, including Global Neurosciences Institute, Jag-One Physical Therapy, and Axiva Infusion Centers, establishing a high-quality professional environment. For the right tenant, subdivision of the space is a possibility. This property presents a unique opportunity for businesses seeking a prestigious and well-equipped office space in a highly visible location. The ample acreage offers significant potential for future expansion or development.

• CAP approach

  CAP return

  Valuation

  6%

  $763,163

  6.5%

  $704,458

  7%

  $654,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $603,127

  Geo Method

  $603,127

• Alternative Use

  Use

  Valuation

  Residential

  $873,528

  Hospitality

  $800,147

  Educational

  $665,713

  Medical

  $688,608

  Retail

  $1,035,553

Location Insight

City

Pennington

County

Mercer

State

New Jersey

Latitude

40.3293

Longitude

-74.7993

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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