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    824 Pkwy Ave Ewing Township, NJ 08618

    Sponsored
    For Sale
    $1,166,000

    ±1.12 Acres, Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.12-acre commercial land parcel presents a prime development opportunity in Ewing Township, New Jersey. Strategically located at the corner of Olden Avenue (10,882 AADT) and Parkway Avenue (16,264 AADT), this property boasts exceptional visibility and accessibility. Its convenient location offers easy access to major transportation arteries, including I-295 and Route 1, ensuring high traffic volume and excellent exposure for any commercial venture. The site is ideally suited for a variety of uses, including convenience stores, financial institutions, and fast-casual restaurants. The estimated 2024 property taxes are $20,801.64. This well-positioned land offers significant potential for investors seeking a high-return development project in a thriving New Jersey market. The property is located at 824 Parkway Ave, Ewing Township, NJ 08618, Mercer County. The asking price for this remarkable opportunity is $1,166,000. This is a rare chance to acquire a substantial commercial land parcel in a highly desirable location with excellent growth potential. The address is 824 Parkway Ave, Q, Ewing Township, NJ 08618.

    Property Features for 824 Pkwy Ave

    General Information

    Property type
    Land

    HighLights

    • Development opportunity: 1.12‑acre commercial land parcel in Ewing Township, NJ.
    • High‑traffic corner lot: Olden Ave (10,882 AADT) & Parkway Ave (16,264 AADT).
    • Excellent access to major roadways: I‑295 and Route 1.
    • Ideal for various uses: convenience stores, financial institutions, and fast‑casual restaurants.
    • Estimated 2024 property taxes: $20,801.64.
    • Asking price: $1,166,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ewing Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.789933570378
    Latitude
    40.2525763261

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    FAQs

    What type of property is this?
    Land - ±1.12 Acres, Development Opportunity
    Where is this land located?
    The property is located at 824 Pkwy Ave Ewing Township, NJ.
    What is the asking price?
    The asking price for this property is $1,166,000.
    What are key features of this property?
    This property features: Development opportunity: 1.12-acre commercial land parcel in Ewing Township, NJ.; High-traffic corner lot: Olden Ave (10,882 AADT) & Parkway Ave (16,264 AADT).; Excellent access to major roadways: I-295 and Route 1.
    Request Owner's contact information
    824 Pkwy Ave Ewing Township, NJ 08618
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    Ewing Township, NJ 08618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    824 Pkwy Ave Ewing Township, NJ 08618
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