Flex Building with Paved
For Sale
Contact for pricing
1523 PARKWAY AVENUE, Ewing, NJ 08628
Block-and-brick flex space offers contiguous floor area, office/reception, two baths, and a private fenced rear yard.
Property Size3,150 SF
Price / SF$1.59
Days on Market124
Property Features for 1523 PARKWAY AVENUE
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker Residential Brokerage - Clinton
Listed By:
Ernest Tufo · License #675716
(908) 735-8080
Source:
Cummingsrealtors
Added: Jun 21
Changed: Oct 21
Last Checked: Oct 20 at 9:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Residential Brokerage - Clinton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This block-and-brick flex building is offered for sale with over 3,000 square feet of contiguous floor space plus a finished second story with over 2,000 square feet for storage. Interior features include a reception and office area, two bathrooms, and a shower. The most recent use was as a dance studio.
Outside, the property includes a level, cleared lot with a private fenced rear yard and ample paved parking. The building is described as being in a high-traffic, accessible business district with walkable amenities nearby, and provides convenient access to major highways including I-95, I-295, and the NJ Turnpike.
Other permitted uses may include warehouse, manufacturing, restaurant, office, medical, and child care, subject to applicable requirements.
Outside, the property includes a level, cleared lot with a private fenced rear yard and ample paved parking. The building is described as being in a high-traffic, accessible business district with walkable amenities nearby, and provides convenient access to major highways including I-95, I-295, and the NJ Turnpike.
Other permitted uses may include warehouse, manufacturing, restaurant, office, medical, and child care, subject to applicable requirements.
Key Highlights
- 1982 block‑and‑brick commercial building with over 3,000 SF of contiguous floor space
- Includes reception and office area, plus 2 baths and a shower
- Finished second story with 2,000+ SF for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,677
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,540
$533.5K
Cap Rate 7%
$381,100
$381.1K
Cap Rate 9%
$296,411
$296.4K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$44.2K $14.04/SF
− Vacancy
−$3.2K −$1.01/SF
EGI
$41.0K $13.03/SF
− OpEx
−$14.4K −$4.56/SF
NOI
$26.7K $8.47/SF
Area
Mercer County, NJ
Vacancy
7.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,540
Cap Rate 7%
$381,100
Cap Rate 9%
$296,411
Alternative Uses
Best Use
Warehouse
$1.01M
$886.8K – $1.18M
NOI $70,943 @ 7.0% cap · market cap 1,418.86%
Second Best
Industrial
$841.9K
$736.7K – $982.2K
NOI $58,932 @ 7.0% cap · market cap 1,178.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08628, NJ
10,310
Population
4,539
Households
2.3
Avg Household Size
45
Median Age
57%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
1,339
Density / Sq Mi
$101,075
Median Household Income
$74,146
Median Earnings
$1,661
Median Rent
$358,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Block-and-brick flex space offers contiguous floor area, office/reception, two baths, and a private fenced rear yard.
Where is this flex space located?
The property is located at 1523 PARKWAY AVENUE Ewing, NJ.
What are key features of this property?
This property features: 1982 block‑and‑brick commercial building with over 3,000 SF of contiguous floor space; Includes reception and office area, plus 2 baths and a shower; Finished second story with 2,000+ SF for storage
