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Kwon Property 1125 Prospect St 1,550 SF 100% Leased Retail Building Ewing, NJ 08638 $350,000 ($225.81/SF)
EXECUTIVE SUMMARY
Mixed use building with frontage on well-traveled Prospect Street. Currently being used as an apartment in the rear portion with a commercial rental unit in the front portion. The current commercial component is an allowable non-conforming use. This is ideal for an investor or an owner-operator. There is plenty of parking as the unit consists of two (2) lots. The backyard has access from Homecrest Avenue and may be able to be used for additional parking as well.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,550 SF
Building Class
C
Year Built
1931
Price
$350,000
Price Per SF
$225.81
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.18 AC
Zoning
R-3 - Residential-3
Parking
2 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Fenced Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-00070-0000-00001 | Improvements Assessment | $81,400 |
| Land Assessment | $46,600 | Total Assessment | $128,000 |
PROPERTY TAXES
Parcel Number
02-00070-0000-00001
Land Assessment
$46,600
Improvements Assessment
$81,400
Total Assessment
$128,000
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Kwon Property | 1125 Prospect St
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