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$429,900 Just Listed
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Property Description
Great location with superb visibility on Route 31, less than 1 mile from I-95 and minutes from 31 Circle and the historic town of Pennington. Zoned HBO (Highway Business Office). Ideal for conversion to professional offices, i.e., medical, dental, legal, accounting, or retail. In the past, it was used as an antique shop. The property includes a 2-story building with 1 full bath (approximately 2400 SF), an 1800 SF warehouse building, and a 3rd building that can be used as a separate office space. All buildings have been used for cold storage for many years. All interested parties must do their due diligence. All is being sold "As Is"
Full Property Details
Full Property Details for 2516 Pennington Rd
General
- Price: $429,900
- Taxes: $8,819 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4053403
- Updated: 9/17/2026
- Added to Site: 3 day(s) ago
Business
- Includes: Building Only
Rooms
Bathrooms
- Total Bathrooms: 1
- Restrooms: 1
Additional Information
- Equipment: See Remarks
Parking
- Total Spaces: 5
- Parking: Non-Surfaced
Location
- County: Mercer
- Driving Directions: Route 31 to 2516 Pennington Road
- Location Details: Highway Location
Heating & Cooling
- Cooling Type: No Cool
- Heating Type: See Remarks
- Heating Fuel: Oil Tank Above Ground - Inside
Utilities
- Sewer: Septic
- Water: Well
- Utility Description: See Remarks
Structural Information
- Construction: See Remarks
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: See Remarks
- Stories in Building: 2
- Square Feet: 2,400
- Aprox. Leasable: 2,400 Sq. Ft.
- Year Built: 1935
Lot Features
- Lot Size (Acres): 0.66
- Lot Size: .66AC
- Zoning: HBO
- Lot Description: Wooded Lot
Financial Considerations
- Price Per Sq. Ft.: $179
- Assessment Amount: $271,300
- Land Assmt: $200,700
- Tax Amount: $8,819
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available
- APN: 2006-00078-0000-00003-0000-
- Block: 78
- Lot Number: 3
Listed by Corcoran Sawyer Smith
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Schools
Schools serving 2516 Pennington Rd
School District:Hopewell Valley Regional School District
| Name | Grades | Distance |
|---|---|---|
Stony Brook Elementary School, Pennington, NJ 20 Stephenson Road, Pennington, NJ 08534 | K-5 | 1.3 mi |
Bear Tavern Elementary School 1162 Bear Tavern Road, Hopewell Township, NJ 08560 | K-5 | 3.3 mi |
Hopewell Elementary School 35 Princeton Avenue, Hopewell, NJ 08525 | PK-5 | 5.8 mi |
Timberlane Middle School 51 South Timberlane Drive, Pennington, NJ 08534 | 6-8 | 2 mi |
Central High School, Pennington, NJ 259 Pennington - Titusville Road, Pennington, NJ 08534 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2516 Pennington Rd
Date
Details
Price
Change
Source
9/16/2026
Listed
$429,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2516 Pennington Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,804
6%
$271,300
—
2023
$8,291
2%
$271,300
—
2022
$8,120
-2%
$271,300
—
2021
$8,299
2%
$271,300
—
2020
$8,098
4%
$271,300
—
2018
$7,754
3%
$271,300
—
2017
$7,542
6%
$271,300
—
2016
$7,130
2%
$271,300
—
2015
$6,989
-12%
$271,300
—
2019
$7,900
16%
$271,300
—
2013
$6,826
—
$271,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2516 Pennington Rd
2516 Pennington Rd, Hopewell Township, NJ 08534 (MLS# 4053403) is a Retail property. 2516 Pennington Rd is currently listed for $429,900 and was received on September 16, 2026. Want to learn more about 2516 Pennington Rd? Do you have questions about finding other Retail real estate for sale in Hopewell Township? You can browse all Hopewell Township real estate or contact a Coldwell Banker agent to request more information.

