For Sale
$4,200,000

1661 Olden Ave Ewing Township, NJ 08638

Retail Investment Opportunity: High-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • 28,600 SF shopping center in Ewing Township, NJ on heavily traveled N. Olden Ave.
  • Class C, single-tenant building on a 0.89-acre lot with 35 parking spaces.
  • 83% occupied (as of 9/21/2023), NNN lease expiring 6/4/2024; tenant lacks credit rating.
  • Asking price: $4,200,000 ($147.36/SF).
  • SA-2 zoning; near major retailers (Home Depot, Aldi, etc.).

Property Details for 1661 Olden Ave

Property type
Lifestyle centers, Power centers
Square Feet
28,600 SF
Class
C
Year Built
1950
Stories
1
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Ewing Township
County
Mercer
State
New Jersey
Latitude
40.245822153576
Longitude
-74.763414450197

FAQs

What type of property is this?
Lifestyle center - Retail Investment Opportunity: High-traffic location.
Where is the lifestyle center located?
The property is located at 1661 Olden Ave Ewing Township, NJ.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 28,600 SF shopping center in Ewing Township, NJ on heavily traveled N. Olden Ave.; Class C, single-tenant building on a 0.89-acre lot with 35 parking spaces.; 83% occupied (as of 9/21/2023), NNN lease expiring 6/4/2024; tenant lacks credit rating.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1661 Olden Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message