600 Lawrence RdLawrence Township, NJ 08648

Property Details for 600 Lawrence Rd

Year built

1953

Lot size

1.02 AC

Property size (Sq ft)

2,538 SF

Zone code

R-4

Property type

Office properties

Property subtype

Office buildings

APN

07 01801-0000-00017

APU

701801000000017

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $419,607

  6.5%

  $387,330

  7%

  $359,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,615

  Geo Method

  $331,615

• Alternative Use

  Use

  Valuation

  Residential

  $480,289

  Hospitality

  $439,942

  Educational

  $366,027

  Medical

  $378,615

  Retail

  $569,375

Location Insight

City

Lawrence Township

County

Mercer

State

New Jersey

Latitude

40.2541

Longitude

-74.7415

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].