37 STATION DRIVE, PRINCETON JUNCTION, NJ 08550
MERCER County
Key Facts
Description
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
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1970
Living Area
9,616 sq ft
Lot Size
0.67 acres
Parking Spaces
141
Zoning
ROM2
Days on Market
1
MLS® Listing#
NJME2080064
Property Features
Cooling
Heating
Parking
Construction
Sewer
Water Source
Schools
- District:
- WEST WINDSOR-PLAINSBORO REGIONAL
Financial Details
Annual Taxes
$23,123
Tax year 2025
Assessed Value
$731,300
Parcel Number
13-00006-00010
Directions
Station Drive
Affordability Calculator
$479,800
Estimated monthly payment
$12,768/mo
Principal $1,919,200 · Est. interest $2,677,455 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PRINCETON JUNCTION, NJ
- $1,000,000
- Median Listing Price
- 51
- Median Days on Market
- 2,374
- Median Sq Ft
- $413
- Median Price / Sq Ft
- 162
- Active Listings
- This home’s price is 140% above the area median.
- Its price per sq ft is 40% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PRINCETON JUNCTION, NJ.
Location
Getting Around
Points of Interest in PRINCETON JUNCTION, NJ
Showing the PRINCETON JUNCTION area map.
Nearby Schools
New Horizons Montessori School
Elementary · 0.4 mi away
Village Elementary School
Elementary · 0.8 mi away
West Windsor-Plainsboro Regional School District
Secondary · 0.8 mi away
Maurice Hawk Elementary School
Elementary · 0.8 mi away
Aops Academy
School · 1.0 mi away
West Windsor-Plainsboro North high school
Secondary · 1.2 mi away
Community Middle School
Secondary · 1.3 mi away
Montessori Country Day School
Elementary · 1.5 mi away
Millstone River School
Elementary · 1.5 mi away
Windsor Happy School
Elementary · 1.6 mi away
JVB Wicoff Elementary School
Elementary · 1.8 mi away
Lightbridge Academy
School · 1.8 mi away
Enspire Academy
School · 2.0 mi away
Goddard School
School · 2.3 mi away
University Now Day Nursery
Primary School · 2.4 mi away
University League Nursery School
School · 2.4 mi away
Town Center Elementary School
Elementary · 2.4 mi away
The Wilberforce School
Secondary · 2.4 mi away
Guidepost Montessori at Princeton Meadows
Elementary · 2.6 mi away
French American School of Princeton
Elementary · 2.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 165 ARRETON ROAD, PRINCETON, NJ | $1,699,000 | 5 | 5 | 4,091 |
| 116 RABBIT HILL ROAD, PRINCETON JUNCTION, NJ | $1,700,000 | 5 | 6 | 7,645 |
| 372 HIGHTSTOWN ROAD, PRINCETON JUNCTION, NJ | $1,700,000 | — | — | 1,900 |
| 176 WESTCOTT ROAD, PRINCETON, NJ | $1,750,000 | 4 | 6 | 4,242 |
| 338 GALLUP ROAD, PRINCETON, NJ | $1,795,000 | 5 | 6 | 4,524 |
| 1330 GREAT ROAD, PRINCETON, NJ | $1,850,000 | 6 | 7 | 6,168 |
Moving Cost Estimate
EXIT Agents in PRINCETON JUNCTION
Listing Courtesy: Davis Realty Group, Inc. - 7322546700