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Property profile & analytics
OFF-MARKET
Lifestyle centers

1661 Olden Ave Ewing Township, NJ 08638

28,600 SF 0.89 ac lot Built 1950
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 1950
Total area 28,600 SF
Lot 0.89 ac (38,768 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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