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$1,100,000
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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.
Full Property Details
Full Property Details for 1161 Lawrence Rd
General
- Sold For: $1,100,000
- Taxes: $18,823 (2023)
- Status: Closed
- Type: Business
- Source: BrightMLSTriStates
- MLS ID: NJME2032962
- Added to Site: 943 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Total Spaces: 20
- Parking Features: Paved Parking, Private
- Parking Type: Parking Lot
Location
- Area: Lawrence Twp (21107)
- Municipality: LAWRENCE TWP
- County: Mercer
- Driving Directions: From 295 Lawrenceville take Route 206 South past Rider University to property on left
- Location Details: Corner Lot/Unit
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Frame
- Stories/Levels: 0
- Year Built: 1959
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.37
- Lot Size (Sq. Ft.): 16,117
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: NC-1
Financial Considerations
- Price Per Sq. Ft.: $212.26
- Assessment Year: 2023
- Tax w/Assessment: $620,000
- Tax Amount: $18,823
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 80
Listed by BHHS Fox & Roach Hopewell Valley, Gough W Thompson III
Sold by Lacerda Realtors, Cristina S Lacerda
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Schools
Schools serving 1161 Lawrence Rd
School District:Lawrence Township School District
| Name | Grades | Distance |
|---|---|---|
Lawrence High School 2525 Princeton Pike, Lawrence Township, NJ 08648 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1161 Lawrence Rd
Date
Details
Price
Change
Source
9/13/2024
Sold
$1,100,000
-4.35%
MLS
11/10/2023
Price Reduced
$1,150,000
-4.17%
MLS
7/24/2023
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1161 Lawrence Road, Trenton, NJ 08648 (MLS# NJME2032962) is a Business property that was sold at $1,100,000 on September 13, 2024. Want to learn more about 1161 Lawrence Road? Do you have questions about finding other Business real estate for sale in Trenton? You can browse all Trenton real estate or contact a Coldwell Banker agent to request more information.

