228 W Delaware Ave - Bank FOR SALE


Pennington, NJ 08534- Pennington/Hopewell
$975,000 USD
609-306-3158
228 W Delaware Ave, Pennington, NJ for Sale
$975,000 USD
Bank - FOR SALE
1/5
null | 7.18% Cap Rate

Apr '27


228 W Delaware Ave
Pennington, NJ 08534
Pennington/Hopewell


OVERVIEW

Corner of W. Delaware and Route 31 3,509 SF; Bank Leases 1,374 SF 19 Parking Spaces 3 Apartments; 2 Vacant New Roof – 10 years Parking Lot – 3 Years Lot Size: 125’ x 173.84’ Bank Leases 1,374 SF – Absolute Net Lease; 5/1/22 to 4/30/27; Security Deposit $3,600; Renewal Option: 1 Option for 5 years with 3% increases per year with 9 months' notice Existing NOI: $70,000

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

7.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,680 SF

ZONING

B-H

APN/PARCEL ID

08-00501-0000-00004

ASK ABOUT THIS PROPERTY

Gerard 'Jerry' FennellyFennelly Associates, Inc.More Info
609-306-3158

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Gerard 'Jerry' FennellyFennelly Associates, Inc.More Info
609-306-3158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.