Address
1161 Lawrence Road, Trenton, NJ
Price
$ 1,150,000
Property Attributes
- MLS#NJME2032962
- TypeCommercial
- CountyMERCER
- CityTrenton
- AreaLawrence Twp
- Zip08648
- StyleRestaurant/Bar
- Year Built1959
- Taxes$ 18823
- Price$ 1,150,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5418
- Lot Size0.37 Acres
Data Source:
Bright MLS
Property Description
Location, Location ! Midway between Rider University and Notre Dame High School on Route 206 in Lawrenceville, this well maintained property is ready for new owners. The existing Sub shop is an area institution with 2,100 sf of floor space, expandable with another 600 sf first floor vacant office/retail space. The kitchen features a convection oven with hood, a walk in fridge as well as other kitchen equipment- list available. The property features a 5 space parking lot in the front as well as a large 15 space lot in the rear. The Second floor features a 1 bedroom apartment and a 3 bedroom apartment - both recently renovated. The large full basement has over 2,000 sf of storage space. All spaces except the 600 sf office/retail space, are leased and occupied on a month to month basis. Property is well suited for an owner/user for the first floor restaurant/retail space who can offset expenses with income from the 2nd floor tenants. Please do not speak to Sub shop employees as this is an on-going business. Kitchen equipment is in an as is - where is condition.
| Price History | |
|---|---|
| 7/24/2023 | Listed $1,200,000 |
| 11/10/2023 | 5% - $1,150,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | 0-30 Days CD |
| Zoning | NC-1 |
| Construction Materials | Frame |
| Year Built | 1959 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Restaurant/Bar |
| Accessibility | None |
| County | MERCER |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | From 295 Lawrenceville take Route 206 South past Rider University to property on left |
| ModificationTimestamp | 2024-04-25T14:07:03 |
| City | TRENTON |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Lawrence Twp (21107) |
| Lot Size Square Feet | 16117.00 |
| Tax Assessed Value | 620000.0 |
| Waterfront Y/N | No |
| Street Name | LAWRENCE |
| Tax Annual Amount | 18823.0 |
| Price Per Sq Ft | 212.26 |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 277 |
| Location Type | Corner Lot/Unit |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00080 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Paved Parking,Private |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 20 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 5418.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.37 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 123300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 20 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08648
Price
Taxes
Visits
Year Built
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