20 Scotch Rd Ewing, NJ 08628-2529

Property Details for 20 Scotch Rd

Year built

2007

Lot size

1.62 lot acres

Property size

29,376 SF

Zone code

BH

Property type

Commercial real estate

APN

02 00364-0000-00059- 01

APU

20036400000005901

Description

This exceptional Class A, three-story office building, totaling 30,000 square feet, presents a compelling value-add investment opportunity in Ewing Township, New Jersey. Built in 2007, the property boasts a strong 83% occupancy rate across seven units within a single building, generating a current NOI of $621,657 with a pro-forma NOI projected at $657,000. The building features ample parking (110 spaces per 1,000 sq ft), elevator access, and is situated on a 1.62-acre lot. Leases are primarily gross, with a built-in 2% annual rent bump. The property benefits from a prime location, just minutes from Trenton and 12 miles from Princeton, offering convenient access to major transportation routes and amenities. Long-term tenants, occupying over 21,000 square feet, are on NNN leases, providing stability and potential for future growth. The building's proximity to the under-construction Ewing Town Center, a large mixed-use development with 1100 residential units and retail space, further enhances its investment potential. This well-maintained property is ideal for owner-users or investors seeking a strong cash flow and significant upside potential in a thriving New Jersey market. The property is conveniently located near shopping, restaurants, and public transportation with easy access to both New York City and Philadelphia.

Location Insight

City

Ewing

County

Mercer

State

New Jersey

Longitude

-74.801

Latitude

40.2648

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments