Office Building with
For Sale
Contact for pricing
2 CARNEGIE ROAD, Lawrence Township, NJ 08648
At the Carnegie Road and Route 1 junction, the property includes substantial parking and an extra parcel for possible expansion.
Property Size6,000 SF
Lot Size1.46 Acres
Price / SF$3.32
Days on Market9
Property Features for 2 CARNEGIE ROAD
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
100
Lot size
1.46 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Year Built
1978
Buildings
1
Building Size
6,000 SF
Listing Agency:
Century 21 Integra - Newtown
(267) 352-8000
Listed By:
John H Katein IV · License #RS334688
(267) 414-7057
Source:
Cummingsrealtors
Added: Oct 28
Changed: Nov 5
Last Checked: Nov 4 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Integra - Newtown
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property was built in 1978 and includes approximately 100 parking spaces. The offering also includes an additional 1.46-acre lot, which may accommodate future expansion subject to local approvals.
The property sits at the intersection of Carnegie Road and Route 1, with access to major roadways.
The property sits at the intersection of Carnegie Road and Route 1, with access to major roadways.
Key Highlights
- Approximately 100 parking spaces
- Additional 1.46‑acre lot included; expansion subject to local approvals
- At the intersection of Carnegie Road and Route 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,007
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,140
$1.1M
Cap Rate 7%
$771,529
$771.5K
Cap Rate 9%
$600,078
$600.1K
Market Conditions
NOI Build-Up for 6,020 SF
Gross rent
$80.9K $13.44/SF
− Vacancy
−$8.9K −$1.48/SF
EGI
$72.0K $11.96/SF
− OpEx
−$18.0K −$2.99/SF
NOI
$54.0K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,140
Cap Rate 7%
$771,529
Cap Rate 9%
$600,078
Alternative Uses
Best Use
Office B
$771.5K
$675.1K – $900.1K
NOI $54,007 @ 7.0% cap · market cap 270.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.94M
$1.69M – $2.26M
NOI $135,580 @ 7.0% cap · market cap 677.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - At the Carnegie Road and Route 1 junction, the property includes substantial parking and an extra parcel for possible expansion.
Where is this office building located?
The property is located at 2 CARNEGIE ROAD Lawrence Township, NJ.
What are key features of this property?
This property features: Approximately 100 parking spaces; Additional 1.46‑acre lot included; expansion subject to local approvals; At the intersection of Carnegie Road and Route 1
