101 Poor Farm RdPrinceton, NJ 08540

  • Other commercial real estate
  • 16,567 SF
For Sale
$3,600,000 View listing

Property Details for 101 Poor Farm Rd

Lot size
5.75 AC
Property size (Sq ft)
16,567 SF
Zone code
OR1
Property type
Other commercial real estate
APN
14 02801-0000-00008- 01
APU
140280100000000801

Description

This exceptional three-story, 18,000-square-foot office building in Princeton, New Jersey, presents a unique investment opportunity. Located at 101 Poor Farm Road, this Class B property, built in 1980 and renovated in 1997, sits on a 4.83-acre lot in the OR1 zoning district. The building offers flexible space ideal for executive, medical, or traditional office uses, with suites ranging from 1,500 to 6,000 square feet. Features include ample natural light, large conference rooms, and executive offices. The property is equipped with high-speed FIOS and XFINITY internet, secure lower-level storage, and on-site property management. Abundant on-site parking (4.5 spaces per 1,000 sq ft) caters to tenants and clients, even accommodating larger events. Its prime location offers convenient access to amenities, Princeton and Rutgers Universities, and major transportation routes to New York City and Philadelphia. The asking price is $3,600,000 ($200/sq ft). The current owner occupies half the building and may consider a leaseback option. This presents a compelling opportunity for businesses seeking a well-maintained, versatile office space in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,135,124
    Hospitality
    $2,871,757
    Educational
    $2,389,268
    Medical
    $2,471,439
    Retail
    $3,716,640
101 Poor Farm Rd, Princeton, New Jersey

Location Insight

City
Princeton
County
Mercer
State
New Jersey
Latitude
40.3823
Longitude
-74.6513
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
2023
$52,794
$965,000
$1,135,000
$2,100,000
-
$965,000
$1,135,000
$2,100,000

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