2237 S OLDEN AVE, Hamilton, NJ 08610 – NJME2047846 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,450,000

Est. payment - /mo

1,624 SqFt

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UPDATED:

08/23/2024 02:13 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,624 sqft

Price per Sqft $892

MLS Listing ID NJME2047846

Originating Board BRIGHT

Year Built 1965

Annual Tax Amount $17,066

Tax Year 2023

Lot Size 0.327 Acres

Acres 0.33

Lot Dimensions 104.00 x 137.00

Property Description

Situated on a corner lot in Hamilton Township, this Shell-branded gas station presents a compelling investment opportunity. The station features eight pumps and three service bays, which are fully equipped with two rotary lifts and an alignment lift, maximizing additional revenue. The current owner has been a key figure at this location since 1986, first through a lease and then as the owner since 2011. The property was remodeled in 2008, and the pumps were refurbished in 2024, ensuring that the station operates with modern and reliable equipment. Both the business and the property are included in the sale, providing the new owner with the flexibility to structure any future lease opportunities. With a cap rate over 12% and a solid financial foundation, this property offers a strong return on investment. Information, including profit and loss statements, will be provided upon signing a Non-Disclosure Agreement (NDA).

Location

State NJ

County Mercer

Area Hamilton Twp (21103)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Convector, Wall Unit

Cooling Ductless/Mini-Split, Wall Unit, Multi Units

Flooring Concrete

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 14.0

Water Access N

Roof Type Pitched,Shingle

Accessibility None

Total Parking Spaces 14

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Hamilton Township

Others

Tax ID 03-02442-00006

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Philip Angarone • ERA Central Realty Group - Bordentown

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262