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8 Founders Ln 5.08 Acres of Residential Land in Princeton, NJ 08540
Executive Summary
An exceptional development opportunity awaits at this 5.08-acre parcel of land. Minutes away from countless
dining and shopping options within downtown Princeton, NJ and on Route 1, this property presents a prime
canvas for residential or commercial expansion. This land offers a serene setting while still retaining quick
access to key roadways, including Route 1, Route 206, I-295, and the NJ Turnpike. The property’s most recent
sale resulted in its current 5.08-acre lot configuration. The sold off portion was used to build Governor’s Lane, a
townhouse and single-family residential development with an approximate density of 20 units per acre.
Additionally, the site is adjacent to the recently-built 220-unit ‘Avalon Princeton Circle’ and 125-unit ‘The Alice,’
which is currently under construction.
dining and shopping options within downtown Princeton, NJ and on Route 1, this property presents a prime
canvas for residential or commercial expansion. This land offers a serene setting while still retaining quick
access to key roadways, including Route 1, Route 206, I-295, and the NJ Turnpike. The property’s most recent
sale resulted in its current 5.08-acre lot configuration. The sold off portion was used to build Governor’s Lane, a
townhouse and single-family residential development with an approximate density of 20 units per acre.
Additionally, the site is adjacent to the recently-built 220-unit ‘Avalon Princeton Circle’ and 125-unit ‘The Alice,’
which is currently under construction.
Property Facts Under Contract
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 5.08 AC |
| Property Type | Land | ||
| Zoning | OR-2 | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.08 AC |
| Zoning | OR-2 |
1 Lot Available
Lot
| Lot Size | 5.08 AC |
| Lot Size | 5.08 AC |
Current site of the Princeton Italian American Club, Land Area: 5.08 acres, Tax Identification: Block 5601, Lot 1, Zoning: OR-2 (Office Research Residence District #2), Frontage & Vehicular Access: Located on Founders Lane.
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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8 Founders Ln
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