Multi-Level Mixed-Use
For Sale
$749,900
471 Lawrie St, Perth Amboy, NJ 08861
Flexible multi-level building with office use and residential zoning, offered as-is for owner-occupancy or approved conversion.
Property Size4,266 SF
Price / SF$175.79
Days on Market76
Property Features for 471 Lawrie St
General Information
Standard status
Active
Size
4,266 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1925
Listing Agency:
REALTY MARK CENTRAL
Listed By:
JAIMINKUMAR PATEL, HETAL PATEL
Source:
Mynewjerseyrealestate
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 7 at 5:47PM
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 REALTY MARK CENTRAL
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Investment Insights
Based on property information with market context.
This multi-level mixed-use property contains 4,266 square feet of interior space and was built in 1925. The current zoning supports single-family residential use with office use, while the layout offers room for a large owner-occupied residence or live-work configuration. Potential conversion to a 2- or 3-family residence would require municipal approvals and permits.
The property is situated near shopping, restaurants, major highways, public transportation, and the Perth Amboy waterfront. It is being sold as-is, with buyers responsible for verifying zoning, permitted uses, and any approvals needed for future redevelopment or conversion.
The property is situated near shopping, restaurants, major highways, public transportation, and the Perth Amboy waterfront. It is being sold as-is, with buyers responsible for verifying zoning, permitted uses, and any approvals needed for future redevelopment or conversion.
Key Highlights
- 4,266 square feet of interior space
- Built in 1925
- Zoned for single‑family residential use with office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,270
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,400
$1.3M
Cap Rate 7%
$932,429
$932.4K
Cap Rate 9%
$725,222
$725.2K
Market Conditions
NOI Build-Up for 4,266 SF
Gross rent
$128.0K $30.00/SF
− Vacancy
−$41.0K −$9.60/SF
EGI
$87.0K $20.40/SF
− OpEx
−$21.8K −$5.10/SF
NOI
$65.3K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,400
Cap Rate 7%
$932,429
Cap Rate 9%
$725,222
Alternative Uses
Best Use
Office B
$932.4K
$815.9K – $1.09M
NOI $65,270 @ 7.0% cap · market cap 8.70%
Second Best
Mixed Use
$527.3K
$461.4K – $615.2K
NOI $36,912 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.11M
$974.7K – $1.30M
NOI $77,976 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
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?
Mixed-use property - Flexible multi-level building with office use and residential zoning, offered as-is for owner-occupancy or approved conversion.
Where is this mixed-use property located?
The property is located at 471 Lawrie St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4,266 square feet of interior space; Built in 1925; Zoned for single‑family residential use with office use
