Property profile

600 Lawrence Rd Lawrence Township, NJ 08648

FOR SALE
Office buildings
Property ID
US59-1768889
2,538 SF 1.02 ac lot Built 1953
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This fee-simple office building, located at 600 Lawrence Rd in Lawrence Township, New Jersey (zip code 08648), presents a unique investment opportunity. The property boasts 3,352 square feet of space within a single-story building constructed in 1953 and renovated in 2001. Situated on a 0.61-acre lot, the building features approximately 2,600 square feet on the main floor, with an additional partial second floor accessible from the first floor. This upper level has a separate entrance, offering flexibility for expansion of existing office space or potential for separate rental income. The building enjoys excellent visibility with approximately 200 feet of frontage on Route 206. The property is zoned R-4, providing various development possibilities. This is a prime location in Mercer County, offering easy access to major transportation routes. The asking price for this exceptional property is $575,000. This represents a compelling opportunity to acquire a well-maintained, versatile office building in a desirable New Jersey location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1953
Total area 2,538 SF
Lot 1.02 ac (44,431 SF)
Zoning code R-4
APN 07 01801-0000-00017
UPID US59-1768889

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

600 Lawrence Rd Lawrence Township, NJ 08648
Lawrence Township metro Census 3201 TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2016
4 recorded transactions
2016
$420,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-4 · Lawrence Township, NJ
Zoning description

U. Signs Permitted in the EP-1, EP-2, R-1, R-2A, R2-B, R-3, R-4 and R-5 Districts. 1. Any sign allowed without permit, pursuant to §535.G. 2. Residential uses. One freestanding development sign for each collector or arte…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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