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Building Details

Year Built 1764

Listing Agency: Corcoran Sawyer Smith - Princeton s***@corcoranss.com Show Phone

Listed By: Justin Ghaffoor · License #2330396 Show Phone

Source: Cummingsrealtors

Added: Oct 9 Changed: Oct 15 Last Checked: Oct 15 at 1:15AM

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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 Corcoran Sawyer Smith - Princeton

Investment Insights

Based on property information with market context.

This 1,941-square-foot commercial property dates to 1764 and is configured with three rooms. The space may be offered furnished or unfurnished, and the rooms can be divided for individual rental. Electricity, heat, and water are included in the rent when leased.

The property is on Main Street in downtown Lawrenceville, surrounded by shops, restaurants, parks, and local amenities. Its room configuration and furnishing options provide flexibility within the existing space.

Key Highlights

• 1,941 square feet in a building dating to 1764
• Three rooms can be separated and rented individually
• Available furnished or unfurnished

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,413

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,260 $348.3K

Cap Rate 7%

$248,757 $248.8K

Cap Rate 9%

$193,478 $193.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,941 SF

Gross rent

$26.1K $13.44/SF

− Vacancy

−$2.9K −$1.48/SF

EGI

$23.2K $11.96/SF

− OpEx

−$5.8K −$2.99/SF

NOI

$17.4K $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%

$348,260

Cap Rate 7%

$248,757

Cap Rate 9%

$193,478

Alternative Uses

Best Use

Office B

$248.8K

$217.7K – $290.2K (±1% cap)

NOI $17,413 @ 7.0% cap · market cap 870.65%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$624.5K

$546.4K – $728.6K (±1% cap)

NOI $43,714 @ 7.0% cap · market cap 2,185.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Day care centers

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

320

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar Off Market Nearby

• Lawrenceville Presbyterian Preschool — 2688 Main St, Lawrenceville, NJ 08648

Frequently Asked Questions

What type of property is this?

Day care center - A historic downtown space offers three rooms, with furnishings and utilities included as available lease features.

Where is this day care center located?

The property is located at 2688 MAIN STREET Lawrenceville, NJ.

What are key features of this property?

This property features: 1,941 square feet in a building dating to 1764; Three rooms can be separated and rented individually; Available furnished or unfurnished