1661 Olden Ave Ewing Township, NJ 08638
This exceptional owner-user opportunity presents a 28,600 square foot shopping center in Ewing Township, New Jersey. Located on heavily traveled N. Olden Avenue, this Class C property boasts high visibility with east and west access. The single-tenant building, constructed in 1950, sits on a 0.89-acre lot and offers 35 parking spaces. Currently 83% occupied (as of September 21, 2023), the property features a NNN lease with an expiration date of June 4, 2024. The tenant has no credit rating. The asking price is $4,200,000, translating to a price per square foot of $147.36. The property is zoned SA-2 and benefits from its proximity to major retailers such as Home Depot, Aldi, Dollar General, McDonald's, various auto dealerships, and ShopRite. This fee-simple ownership presents a compelling investment opportunity for owner-users or investors seeking a well-located retail property in a thriving area. The one-story building offers significant potential for redevelopment or continued operation as a successful retail center. The property's strategic location and high visibility make it an attractive proposition for a variety of retail businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.