Current Use by Public Records
- Lifestyle centers
Property Details for 1661 Olden Ave
- Year built
- 1950
- Lot size
- 0.89 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ewing Township
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7634
- Latitude
- 40.2458
