824 Pkwy AveEwing Township, NJ 08618

Property Details for 824 Pkwy Ave

Year built

1955

Construction

CONCRETE BLOCKS

Lot size

1.12 AC

Property size (Sq ft)

1,440 SF

Zone code

BH

Property type

Commercial real estate

APN

02 00488-0000-00002

APU

200488000000002

Description

This exceptional 1.12-acre commercial land parcel presents a prime development opportunity in Ewing Township, New Jersey. Strategically located at the corner of Olden Avenue (10,882 AADT) and Parkway Avenue (16,264 AADT), this property boasts exceptional visibility and accessibility. Its convenient location offers easy access to major transportation arteries, including I-295 and Route 1, ensuring high traffic volume and excellent exposure for any commercial venture. The site is ideally suited for a variety of uses, including convenience stores, financial institutions, and fast-casual restaurants. The estimated 2024 property taxes are $20,801.64. This well-positioned land offers significant potential for investors seeking a high-return development project in a thriving New Jersey market. The property is located at 824 Parkway Ave, Ewing Township, NJ 08618, Mercer County. The asking price for this remarkable opportunity is $1,166,000. This is a rare chance to acquire a substantial commercial land parcel in a highly desirable location with excellent growth potential. The address is 824 Parkway Ave, Q, Ewing Township, NJ 08618.

• CAP approach

  CAP return

  Valuation

  6%

  $269,818

  6.5%

  $249,063

  7%

  $231,273

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,150

  Geo Method

  $188,150

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $490,348

  Retail / Commercial

  $251,448

  Mixed-Use / Specialty

  $250,552

  Hospitality / Lodging

  $183,822

  Office

  $249,063

  Institutional / Educational

  $260,473

  Residential Income

  $304,753

  Multifamily

  $365,504

  Automotive / Energy

  $223,262

  Parking / Income-Based Land

  $77,045.10

  Restaurant / Food Service

  $130,314

  Healthcare / Senior Housing

  $256,936

Location Insight

City

Trenton

County

Mercer

State

New Jersey

Latitude

40.2526

Longitude

-74.7894

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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