1590 5th St
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1590 5th St
9,838 SF 100% Leased Office Building Ewing, NJ 08638 $950,000 ($97/SF)
Executive Summary
Opportunity Knocks! 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 18 ft clear height and 7 vehicle lifts. Tenant in Building 2 is on a month to month basis. 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 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,
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,838 SF
Building Class
C
Year Built
1950
Price
$950,000
Price Per SF
$97
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,919 SF
Slab To Slab
10’
Building FAR
0.51
Land Acres
0.44 AC
Zoning
IP-2
Parking
43 Spaces (4.37 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
1 of 1
PROPERTY TAXES
| Parcel Number | 02-00042-0000-00021 | Total Assessment | $486,100 |
| Land Assessment | $73,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $412,400 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-00042-0000-00021
Land Assessment
$73,700
Improvements Assessment
$412,400
Total Assessment
$486,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Winn Thompson -
Berkshire Hathaway HomeServices Fox & Roach
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1590 5th St
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