37 Station Dr - Office FOR SALE


Princeton Junction, NJ 08550- Princeton/Lawrenceville
$2,399,000 USD
908-510-7089
37 Station Dr, Princeton Junction, NJ for Sale
$2,399,000 USD
Office - FOR SALE
1/45
null | Request Cap Rate

37 Station Dr
Princeton Junction, NJ 08550
Princeton/Lawrenceville


HIGHLIGHTS

  • ± 9,616 SF Freestanding Building
  • ±.67 Total Acres on 2 Separate Lots
  • Prime Location at the Princeton Junction Train Station
  • Minutes to Princeton University, Downtown, Penn Hospital
  • ±73 Parking Spaces including ±40 Daily Rental Spots
  • 7 Total Suites w/ 6 Rented for Income. Potential for Owner Occupier

OVERVIEW

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 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 Call Broker for more information or to schedule a tour of the property.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Princeton Officepark

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

141

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

RP-2

APN/PARCEL ID

13-00006-0000-00010

ASK ABOUT THIS PROPERTY

Brian WalshDavis CommercialMore Info
908-510-7089

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

Brian WalshDavis CommercialMore Info
908-510-7089

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