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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 the 31 Circle and the historic town of Pennington. Zoned HBO (Highway Business Office). Ideal for conversion to professional offices, i.e., medical, dental, bank, legal, accounting, or retail. In the past, it was used as an antique shop. The property includes a two-story building with 1 full bath, approximately 2400SF, an 1800SF + warehouse space, and 3rd building that can be used for separate workspace. In the most recent past, the property has been 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: Office
- Source: BrightMLSTriStates
- MLS ID: NJME2083714
- Updated: 9/14/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Other
Rooms
Bathrooms
- Restrooms: 1
Parking
- Total Spaces: 5
- Parking Type: Driveway
Location
- Area: Hopewell Twp (21106)
- Municipality: HOPEWELL TWP
- County: MERCER
- Cross Streets: Blackwell Road
- Driving Directions: Route31 to 2516 Pennington Road
- Location Details: Other
School Information
- School District: Hopewell Valley Regional Schools
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Other
- Water: Well
- Utility Description: Electric Available, Natural Gas Available, Phone
Structural Information
- Construction: Frame
- Roof: Shingle
- Year Built: 1935
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.66
- Lot Size (Sq. Ft.): 28,750
- Lot Size Source: Assessor
- Lot Features: Level
- Zoning: HBO
- Lot Description: Level
Financial Considerations
- Price Per Sq. Ft.: $179.12
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $271,300
- Tax Amount: $8,818
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: All Storage Materials
- Lot Number: 3
Listed by Corcoran Sawyer Smith - Princeton, Robert J Lopez
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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
9/14/2026
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, Pennington, NJ 08534 (MLS# NJME2083714) is a Office property. 2516 Pennington Road is currently listed for $429,900 and was received on September 14, 2026. Want to learn more about 2516 Pennington Road? Do you have questions about finding other Office real estate for sale in Pennington? You can browse all Pennington real estate or contact a Coldwell Banker agent to request more information.

