Property
Ewing, NJ 08638 1590 5Th Street
$950,000
12 more
Presented By: BHHS Fox & Roach Hopewell Valley
SQFT • 9,838
Home Details
Two fully leased buildings with a 9% Cap Rate. Two buildings on one lot: Building 1 is a two story fully leased office building with one tenant on the first floor and two tenants on the 2nd floor. Tenants pay all utilities. Building 2 is a 5,038 sf Warehouse/garage building with 14.5 ft clear height and 6 vehicle lifts and is an existing auto use.
Tenant in Building 2 is on a three year lease. Large parking area with 15 spaces in front of building 1 and 28 spaces in the rear around Building 2. Building 2 is in the 500 years flood plain, however there is a pump system installed to minimize any flooding issues.
Seller will consider seller financing for a well qualified buyer with appropriate down payment. Property is located in Sub Area 8 of Olden Avenue Redevelopment Plan.
Presented By: BHHS Fox & Roach Hopewell Valley
Interior Features for 1590 5Th Street
Bathrooms
Total Restrooms6
Other Interior Features
Clear Span Ceiling Height12' to 15'
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Number of Elevators
Total Stories2
Other Rooms
Entry Level2
General for 1590 5Th Street
Acceptable FinancingSeller Financing, Cash
AccessibilityNone
Business TypeManufacturing, Auto Related, Professional, Warehouse, Other
Cap Rate0.09
CityEWING
Construction MaterialsBlock
Cool FuelElectric
CoolingCentral A/C
CountyMERCER
DirectionsFrom Spruce st, take 5th st to 1590 5Th St .
ExclusionsTenant’s property
HeatingForced Air
Historic Y/NNo
Lease Considered Y/NNo
Location TypeBusiness District
Lot Size Square Feet18962.00
Lot Size UnitsSquare Feet
MLS AreaEwing Twp (21102)
ModificationTimestamp2025-05-08T15:51:13
MunicipalityEWING TWP
Net Operating Income85900.00
New ConstructionNo
Number Of Units Total2
Operating Expense31000.00
OwnerPaysTaxes - Real Estate, Insurance
OwnershipFee Simple
PossessionImmediate
Possible UseFlex Space, Industrial, Manufacturing, Office, Printing, Warehouse, Wholesale, Automotive
Price Per Sq Ft Total AG96.56
Property SubtypeIndustrial
Property TypeCommercial Sale
Property UseInvestment
RoofFlat, Shingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount19118.31
Tax Assessed Value486100.0
Tax Lot21, 27
Tax Year2024
UtilitiesSewer Available, Electric Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1980
Year Built SourceEstimated
ZoningCOMMERCIAL
Exterior for 1590 5Th Street
Building Area Total9838.00
Car Parking Spaces43
Fencing Y/NY
Inclusions“As is- where is “ condition.
Land Use CodeCommercial
Lot Size Acres0.44
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Total Loading Docks0
Total Parking Spaces46
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Jenniffer Bravo Llerena
Associate