1590 5Th StEwing Township, NJ 08638

Property Details for 1590 5Th St

Year built

1980

Construction

CONCRETE BLOCKS

Lot size

0.44 AC

Property size (Sq ft)

5,248 SF

Zone code

IP-2

Property type

Commercial real estate

APN

02 00042-0000-00021

APU

200042000000021

Description

This exceptional investment opportunity in Ewing, NJ, presents two buildings on a 0.44-acre lot. Building 1, a two-story office building totaling 9,838 square feet, is fully leased with three tenants. The first floor houses one tenant, while the second floor accommodates two. Importantly, tenants are responsible for all utilities, minimizing operational expenses for the owner. Building 2 is a 5,038 square-foot warehouse/garage featuring a 14.5-foot clear height, six vehicle lifts, and is currently used for automotive purposes. This building's tenant is on a month-to-month lease, offering flexibility for future plans. Ample parking is available, with 15 spaces in front of Building 1 and an additional 28 spaces at the rear of Building 2. While Building 2 sits within the 500-year floodplain, a functioning pump system mitigates potential flooding concerns. The property's location within Sub Area 8 of the Olden Avenue Redevelopment Plan suggests future growth potential. The seller is open to considering seller financing for qualified buyers with a suitable down payment, making this an attractive proposition for various investment strategies. This property offers a blend of stable income from the office building and the potential for increased returns from the warehouse/garage, making it a compelling investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $993,127

  Hospitality

  $909,699

  Educational

  $756,859

  Medical

  $782,888

  Retail

  $1,177,336

Location Insight

City

Ewing

County

Mercer

State

New Jersey

Latitude

40.2464

Longitude

-74.7598

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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