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Redevelopment Opportunity-Hopewell Twnshp, NJ 2421 Pennington Rd 15,000 SF Vacant Office Building Pennington, NJ 08534 For Sale
Investment Highlights
- Rare institutional property offering positioned on a generous 9.36-acre site with substantial redevelopment potential.
- Flexible interior layout suitable for institutional, educational, religious, or adaptive reuse concepts.
- Located in a desirable suburban corridor with strong regional access and connectivity to surrounding population centers.
- Well-maintained special-purpose facility originally constructed in 2007 and thoughtfully renovated from an earlier structure.
- Historically operated as a school and synagogue, providing functional infrastructure for a wide range of specialty uses.
- Additional on-site residential structure offers optionality for renovation or removal to unlock further site optimization opportunities.
Executive Summary
This offering presents a rare opportunity to acquire a well-maintained institutional facility on a sizable 9.36± acre site with significant redevelopment upside. Improved with a 14,782± square foot special-purpose building. The property has been historically utilized as a school and synagogue and is positioned in a desirable suburban corridor with strong regional accessibility.
Constructed in 2007 and renovated from an earlier structure, the main building is in good overall condition and offers a flexible layout that can accommodate a variety of institutional, educational, religious, or adaptive reuse scenarios. An older residential structure on-site can be rehabbed or removed to further enhance redevelopment potential.
Sale Subject to Court approval.
For more information about this property, see: https://auctionadvisors.com/property-details/har_sinai_sale_396/
Buyer Broker Coop: 2%
Constructed in 2007 and renovated from an earlier structure, the main building is in good overall condition and offers a flexible layout that can accommodate a variety of institutional, educational, religious, or adaptive reuse scenarios. An older residential structure on-site can be rehabbed or removed to further enhance redevelopment potential.
Sale Subject to Court approval.
For more information about this property, see: https://auctionadvisors.com/property-details/har_sinai_sale_396/
Buyer Broker Coop: 2%
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
15,000 SF
Building Class
C
Year Built
1982
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
0.04
Lot Size
9.36 AC
Zoning
SI - Special Industrial
Parking
4 Spaces (0.27 Spaces per 1,000 SF Leased)
Amenities
- Day Care
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Property Taxes
| Parcel Number | 06-00088-0000-00006-01 | Improvements Assessment | $90,000 |
| Land Assessment | $0 | Total Assessment | $90,000 |
Property Taxes
Parcel Number
06-00088-0000-00006-01
Land Assessment
$0
Improvements Assessment
$90,000
Total Assessment
$90,000
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Redevelopment Opportunity-Hopewell Twnshp, NJ | 2421 Pennington Rd
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