207 Bakers Basin Rd, Lawrence Township, NJ 08648
- Commercial real estate
- 9,084 SF
- 4.97 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 207 Bakers Basin Rd
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 4.97 lot acres
- Zone code
- HC
- Property type
- Commercial real estate
- APN
- 07 03601-0000-00005- 01
- APU
- 70360100000000501
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 19, 2025 | $3,675,000 | 2800 Paseo LLC | Sodev Partners I LLC | Deed | — |
| Aug 12, 2022 | $2,590,000 | Sodev Partners I LLC | Cro Realty LLC | Deed | $2M · Capstar Bank |
| Jun 21, 1993 | $328,400 | Cro Realty | Unknown | Grant Deed | — |
| — | — | Cro Realty LLC | — | Deed Of Trust · related | $805k · Hopewell Vly Cmnty Bk |
| — | — | Cro Realty LLC | — | Deed Of Trust · related | $850k · Hopewell Valley Community Bank |
Description
This exceptional investment opportunity presents a 6,700 square foot, single-tenant, absolute NNN leased industrial flex property located at 207 Bakers Basin Rd, Trenton, NJ 08648. The property, built in 1970 and renovated in 2023, sits on a 5.23-acre lot and is 100% occupied by SiteOne Landscape Supply under a lease with approximately 7.7 years remaining, expiring July 30, 2032. The lease commenced July 31, 2022, and includes three 5-year renewal options with 3% annual rent increases. The current annual net operating income (NOI) is $226,608, representing a 5.75% cap rate on the asking price of $3,941,009. The property boasts excellent visibility and access, situated on Bakers Basin Road (12,652 vehicles per day), near US-1 (59,897 VPD), and I-295 (77,036 VPD). Its location within the Princeton Pike Corridor, a major commercial area in Lawrence Township, Mercer County, within the Trenton-Princeton MSA (population 384,446), provides strong market fundamentals. The low site coverage ratio of 2.94% offers significant potential for future expansion or alternative uses, given the flexible zoning. The current rent of $3,610 per acre per month is significantly below market rates. This property offers a compelling combination of strong tenant, long-term lease, attractive cap rate, and significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,425,000
- ML approach
- $3,165,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrence Township
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7045
- Latitude
- 40.2735
- CBSA code
- 45940
- CBSA name
- TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
