Hamilton, NJ 08610 2237 S Olden Avenue
$1,350,000
12 more
Presented By: ERA Central Realty Group - Bordentown
SQFT • 1,624
Home Details
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 15% 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).
Presented By: ERA Central Realty Group - Bordentown
Interior Features for 2237 S Olden Avenue
Bathrooms
Total Restrooms1
Other Interior Features
Central Air Y/NNo
FlooringConcrete
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 2237 S Olden Avenue
Acceptable FinancingCash, Conventional
AccessibilityNone
Business TypeAuto Related
Cap Rate15.23
CityHAMILTON
Construction MaterialsBlock
Cool FuelElectric
CoolingDuctless/Mini-Split, Wall Unit, Multi Units
CountyMERCER
DirectionsCorner of Whitehorse Mercerville Road and S Olden Avenue
DisclosuresBuried Fuel Tanks, Lead Based Paint - State, Prop Disclosure, Underground Storage Tank
Electric200+ Amp Service
ExclusionsStorage Containers, Trailer, Concrete Blocks, Fork Lift
HeatingConvector, Wall Unit
Lease Considered Y/NNo
Location TypeCorner Lot/Unit
Lot Size Square Feet14248.00
Lot Size UnitsSquare Feet
MLS AreaHamilton Twp (21103)
ModificationTimestamp2025-05-13T12:21:05
MunicipalityHAMILTON TWP
New ConstructionNo
Number Of Units Total0
OwnershipFee Simple
PossessionNegotiable
Possible UseAutomotive
Price Per Sq Ft Total AG831.28
Property ConditionGood
Property SubtypeRetail
Property TypeCommercial Sale
Property UseOwner User
RoofPitched, Shingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount18208.0
Tax Assessed Value516700.0
Tax Lot00006
Tax Year2024
TransportationBus Stop less than 1 mile
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningCOMMERCIAL
Exterior for 2237 S Olden Avenue
Building Area Total1624.00
Car Parking Spaces14
Foundation DetailsSlab
Land Assessed Value187100.00
Land Use Code
Lot Dimensions104.00 x 137.00
Lot Size Acres0.33
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces14
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo
Additional Details
Price History
Aleksandar Tomic
Real Estate Professional