Development opportunity! 2.1 acres zoned for Townhouse development at corner of Route 31/ West Franklin Ave in Pennington Boro. Concept plan is for 12 units, could be up to 16 units with creative design. Public Water and Sewer. See zoning regs on documents for specific requirements. There is a a 20% affordable housing set aside of the units for sale, 15% set aside if units are rental. Existing homes at 144 and 148 West Franklin Ave are excluded and will be subdivided. Buyer responsible for obtaining all permits. Property is located close to Timberland Middle School and Hopewell Valley Regional High School.
Lot/land
$1,000,000
150 W Franklin Ave, Pennington, NJ 08534
--beds
--baths
2.1Acres
Unimproved Land
Built in ----
2.1 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 6 days
- 86
- 3
Zillow last checked:
Listing updated:
Listed by:
Winn Thompson 609-468-3838,
BHHS Fox & Roach Hopewell Valley
Source: Bright MLS,MLS#: NJME2082816
Facts & features
Property
Features
- Has view: Yes
- View description: Creek/Stream
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Size: 2.1 Acres
- Features: Corner Lot/Unit
Details
- Parcel number: 080020100009; 00002
- Zoning: R100/AH1
- Zoning description: Affordable Housing Overlay
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Pennington
- Municipality: PENNINGTON BORO
Financial & listing details
- Tax assessed value: $328,859
- Annual tax amount: $11,042
- Date on market: 8/27/2026
- Listing agreement: Exclusive Right To Sell
- Inclusions: “as Is”
- Exclusions: Sale Does Not Include Existing 2 Houses And Related Structures
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $1,000,000 |
Source:  Bright MLS #NJME2082816 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 08534
Nearby schools
Schools provided by the listing agent
- Elementary: Toll Gate Grammar School
- Middle: Timberlane M.s.
- High: Hoval Reg
- District: Hopewell Valley Regional Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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