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$429,900 Just Listed
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Property Description
Building with great visibility on Route 31. Ideal for conversion to professional offices i.e.., medical, dental, bank. The main building is 2400SF and was the main location when an antique shop. there is also an 1800 SF warehouse in rear of property which one can lease out for additional income as well as one other building that can be used for a separate shop or office. There is a circular driveway with plenty of parking space. Very high traffic as it is located less than 1/2 mile from the Route 31 circle and less than 7 minutes from main street in the historical town of Pennington. All buildings are currently being used for cold storage.
Full Property Details
Full Property Details for 2516 Pennington Rd
General
- Price: $429,900
- Taxes: $8,818 (2025)
- Status: Active
- Type: Commercial
- Source: Middlesex
- MLS ID: 2704858R
- Updated: 9/21/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Lighting Fixtures
- Flooring: See Remarks, Vinyl/Linoleum, Wood, Lighting Fixtures
Rooms
Other Rooms
- Living Room: 2,400 Sq. Ft.
Parking
- Total Spaces: 2
- Parking Features: Driveway, Gravel, On-Site Parking
- Parking: Driveway, Gravel, On Site
Location
- County: Mercer
Heating & Cooling
- Cooling Type: None, Window Unit(s)
- Heating Type: Electric, See Remarks, Hot Water
Utilities
- Gas: Oil
- Sewer: Septic Tank
- Water: Well
- Utility Description: See Remarks
Structural Information
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 2,400
- Year Built: 1935
Lot Features
- Lot Size (Acres): 0.66
- Lot Size (Sq. Ft.): 28,750
- Lot Dimensions: 220.00 x 125.00
- Lot Features: Highway Commercial
- Zoning: HBO
- Lot Description: Highway Commercial
Financial Considerations
- Tax Amount: $8,818
- Tax Year: 2025
- Tenant Pays: See Remarks
Disclosures and Reports
- Documents Avail.: Deed, No Documents Available
- Property ID: 60007800003
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
9/20/2026
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 Road, Hopewell Township, NJ 08534 (MLS# 2704858R) is a Commercial property. 2516 Pennington Road is currently listed for $429,900 and was received on September 20, 2026. Want to learn more about 2516 Pennington Road? Do you have questions about finding other Commercial 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.

