88 Princeton Hightstown RdWest Windsor Township, NJ 08550

  • Other commercial real estate
  • 3.00 AC
For Lease
$28.50/SF/YR View listing

Property Details for 88 Princeton Hightstown Rd

Year built
1999
Lot size
3.00 AC
Zone code
EH
Property type
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,729,768
    Hospitality
    $22,652,334
    Educational
    $18,846,476
    Medical
    $19,494,636
    Retail
    $29,316,740
88 Princeton Hightstown Rd, West Windsor Township, New Jersey

Location Insight

City
West Windsor
County
Mercer
State
New Jersey
Latitude
40.3105
Longitude
-74.6195
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
$117,732
$875,000
$3,212,900
$4,087,900
-
$875,000
$3,212,900
$4,087,900

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