3 Tree Farm Rd
Pennington, NJ 08534
First Bank · Retail Property For Sale

This First Bank property is located at 3 Tree Farm Road, Pennington in New Jersey. Pennington is a census-designated place in Mercer County, New Jersey. It is located approximately nine miles from Princeton, New Jersey and six miles from Trenton-Mercer Airport. The borough is an independent municipality surrounded by Hopewell Township. The subject property is well-positioned in an active academic and medical education area, benefitting from its proximity to major academic institutions and research sites. Princeton University is less than nine miles away with a total enrollment of more than 8,500 students. Within a mile radius of the First Bank, there are also six more academic institutions with more than 3,500 students and 300 teachers. There are also compelling location fundamentals in the immediate area. Within three miles there is the Bristol-Myers National Headquarters, which employs over 1,000 people, Trap Rock Industries has a large quarry and Kooltronic has a sizeable production plant employing an additional 150 people. Six miles away is Trenton-Mercer Airport which serves more than 700,000 passengers annually. Major national retailers in the area include Burger King, U.S Postal Service, Wells Fargo, and Dunkin’ Donuts, which is positioned adjacent to the site. This is alongside many different local retailers within the immediate area. Pennington is extremely affluent, with an average household income exceeding$162,000 within a three-mile radius. Within the same radius, over 30% of the households earn more than $200,000 per year. There are approximately 43,300 people within a five-mile radius of this property and 381,900 within a ten-mile radius. The property features high visibility and ease of access from Pennington Avenue, which has a substantial average daily traffic count of more than 25,000 vehicles. Pennington is home to many high-end academic institutions and public schools. It is rated a great place to live with a high average household income that is more than double the U.S average of $53,482. Pennington also has a very low crime rate and a low unemployment rate. Approximately nine miles away from Pennington is Princeton, New Jersey. Princeton has the strong academic attraction of Princeton University and with historic interest, moderate living costs and a large commercial and industrial presence, it has attracted numerous new housing developments to be commissioned in recent months. Unlike most New Jersey cities, it is more tied economically to the Delaware Valley and Philadelphia, benefiting from being alongside the U.S 1 corridor which enables excellent residential areas and a highly educated and middle-class upbringing. Pennington’s close and convenient proximity allows it to benefit from the area’s advantages.