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81 Route 31 N 4,600 SF 100% Leased Retail Building Pennington, NJ 08534 $1,999,000 ($434.57/SF)
Executive Summary
Situated on a large, highly visible lot with easy access from a main roadway, this established full-service car wash presents an excellent opportunity for both investors and owner-operators. With approximately 24,000 vehicles passing by daily, the property benefits from strong exposure and consistent traffic flow.
The business currently services an average of 130 vehicles per day, demonstrating steady operational demand and providing a solid foundation for continued growth. The expansive lot includes 17 on-site parking spaces and offers ample room for potential expansion, allowing a new owner to explore additional services, upgraded equipment, or increased capacity.
The building is well-equipped to support daily operations and includes a office, restroom, waiting room and a large equipment room, providing the infrastructure necessary for a fully functioning car wash business.
With strong visibility, established traffic counts, and room to grow, this property represents an excellent investment opportunity in a high-demand business. Whether you're looking to expand an existing portfolio or step into a turnkey operation with upside potential, this car wash offers the location, scale, and flexibility to take it to the next level.
The business currently services an average of 130 vehicles per day, demonstrating steady operational demand and providing a solid foundation for continued growth. The expansive lot includes 17 on-site parking spaces and offers ample room for potential expansion, allowing a new owner to explore additional services, upgraded equipment, or increased capacity.
The building is well-equipped to support daily operations and includes a office, restroom, waiting room and a large equipment room, providing the infrastructure necessary for a fully functioning car wash business.
With strong visibility, established traffic counts, and room to grow, this property represents an excellent investment opportunity in a high-demand business. Whether you're looking to expand an existing portfolio or step into a turnkey operation with upside potential, this car wash offers the location, scale, and flexibility to take it to the next level.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,600 SF
Building Class
C
Year Built
1960
Price
$1,999,000
Price Per SF
$434.57
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
2.62 AC
Zoning
IC
Parking
13 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
32’ on Route 31
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 06-00046-0000-00026-02 | Improvements Assessment | $465,800 |
| Land Assessment | $542,400 | Total Assessment | $1,008,200 |
Property Taxes
Parcel Number
06-00046-0000-00026-02
Land Assessment
$542,400
Improvements Assessment
$465,800
Total Assessment
$1,008,200
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New Era Real Estate
81 Route 31 N
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