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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$2,399,000

Est. payment - /mo

9,616 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,616 sqft

Price per Sqft $249

MLS Listing ID 2700031R

Year Built 1980

Annual Tax Amount $22,414

Tax Year 2024

Lot Size 0.670 Acres

Acres 0.6703

Lot Dimensions 100.00 x 0.00

Property Sub-Type Commercial

Source CJMLS API

Property Description

FOR SALE: 9,616 SF Freestanding Office Building located at the entrance to the Princeton Junction Train Station. 37-41 Station Rd presents a rare opportunity to purchase a property directly adjacent to the North East Corridor Train Station at Princeton Junction, providing quick and easy access to NYC or Philadelphia in an hour. The property is minutes from downtown Princeton, the Penn Medicine Hospital, and Princeton University. The property comprises a 9,616 SF office building configured with 7 separate suites. Currently, 6 are rented providing stable income. However, there is an opportunity for more space in the building for an owner occupier. The property has an abundance of dedicated on-site parking and features a secondary parking lot which is currently being rented to a daily park operator, providing additional bonus income. New ownership will have the opportunity to collect this passive income or operate the parking business directly, proving a value add opportunity. Due to the existing in-place rental and parking income and potential upcoming vacancy, the property presents an ideal opportunity for an owner occupier needing quick access to the train station and a location in close proximity to Princeton. Ideal Professional Office Uses: IT Consulting, IT Staffing, Software, Accounting, Attorneys, Title Company, Real Estate Office, Tutoring, Counseling and Therapy, ABA Therapy, Special Needs Day Program, Engineering, Architecture, or any professional office use. Ideal Medical Uses: Physical Therapy, Dental, Primary Care, or any other Medical Office Use. Property Features: 9,616 SF 2 Story Office Building .67 Total Acres between 2 Separate Lots 73 Total Parking Spaces including 40 Daily Rental Spots for Income 7 Total Suites w/ 6 Rented for Stable Income Potential Vacancy for Owner Occupier Newly Paved Parking Lot Upgraded w/ Newer Roof and Facade Walking Distance to Train Station Next to Brand New 600 Unit Avalon W Squared at Princeton Junction Separate Electric and Gas Meters for Each Tenant Zoned ROM-2 Real Estate Taxes: $23,123 per year Asking Price: $2,399,000 Call Broker for more information or to schedule a tour of the property.

Location

State NJ

County Mercer

Zoning ROM2

Interior

Interior Features Refrigeration

Heating Baseboard, Radiant

Cooling Central Air

Flooring Composition Tile, Tile, Vinyl-Linoleum, Wood

Appliance Refrigeration

Heat Source Natural Gas

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt

Total Parking Spaces 73

Building

Lot Description Near Train

Story 2

Sewer Public Sewer

Water Private, Public

Others

Senior Community no

Tax ID 1300006000000010

Energy Description Natural Gas

Virtual Tour https://www.propertypanorama.com/instaview/msx/2700031R

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Listed by DAVIS REALTORS

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

37 Station DR West Windsor, NJ 08550

Naveen Sharma

Key Details

Location

Interior

Exterior

Building

Others

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37 Station DR