0.67 Acres Lot
0.67 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJME2080064
Year Built 1970
Annual Tax Amount $23,123
Tax Year 2025
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Office
Source BRIGHT
Property Description
37-41 Station Rd presents a rare opportunity to purchase a property within walking distance 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, Disability 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
Location
State NJ
County Mercer
Area West Windsor Twp (21113)
Zoning ROM2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Natural Gas
Exterior
Garage Spaces 141.0
Water Access N
Accessibility Doors - Swing In
Total Parking Spaces 141
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District West Windsor-Plainsboro Regional
Others
Tax ID 13-00006-00010
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "