25 Scotch RdEwing Township, NJ 08628

  • Commercial real estate
  • 55,590 SF

Property Details for 25 Scotch Rd

Year built
1960
Construction
CONCRETE BLOCKS
Lot size
3.89 AC
Property size (Sq ft)
55,590 SF
Zone code
B-H
Property type
Commercial real estate
APN
02 00365-0000-00011
APU
200365000000011

Description

Suburban Square Shopping Center, located at 25 Scotch Rd, Ewing Township, NJ 08628, presents a unique investment opportunity. This Class B retail center, totaling 108,000 square feet, comprises two three-story buildings with a total of 20 suites. Recently renovated in 2022, the property boasts convenient access to Parkway Ave and is situated in a thriving commercial area. The center features a diverse mix of retail and office tenants, offering flexibility for potential buyers or investors. Three spaces are currently available, ranging from 1,800 to 5,000 square feet, providing options for various business needs. The property includes one elevator for convenient access across the three floors. Its Commercial zoning allows for a wide range of uses. The center benefits from its proximity to Parkway Town Center, a new residential development, and a newly constructed Wawa, ensuring high visibility and foot traffic. An adjacent vacant free-standing building offers additional expansion potential. Mercer County location provides access to a strong regional market. This property is zoned Commercial.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,519,802
    Hospitality
    $9,636,082
    Educational
    $8,017,108
    Medical
    $8,292,828
    Retail
    $12,471,056

Location Insight

City
Ewing
County
Mercer
State
New Jersey
Latitude
40.2653
Longitude
-74.8024
CBSA code
45940
CBSA name
TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$128,035
$746,300
$2,716,900
$3,463,200
-
$746,300
$2,716,900
$3,463,200

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